Regulatory Alerts2003-01-23
Proposed Amendment to Conditions for Foreign Bank Branches in the Republic
The Deputy Registrar of Banks issued Circular 10/2003 proposing amendments to the regulatory framework governing the business conduct of foreign bank branches in South Africa. The document invites stakeholders to submit comments on the proposed changes to Government Notice No. 1414 by 31 July 2003. Additionally, recipients are required to return a signed acknowledgement of receipt completed by both the chief executive officer and independent auditors.
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