Regulatory Alerts2015-01-27
Status of Previously Issued Circulars (C1/2015)
The South African Reserve Bank’s Registrar of Banks issues Circular 1/2015 to annually confirm the validity and status of previously issued circulars under the Banks Act, 1990. Circulars are deemed withdrawn unless explicitly listed as effective, whereas directives remain binding until formally withdrawn in writing by the Registrar. Banks, foreign branches, controlling companies, eligible institutions, and auditors must retain the confirmed circulars and directives and return a signed acknowledgement of receipt to the Office.
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