Regulatory Alerts2021-01-27
G1/2021 Status of Previously Issued Guidance Notes
The South African Reserve Bank’s Prudential Authority issued Guidance Note 1/2021 to confirm the continuing validity of thirty-two previously issued guidance notes for banks, controlling companies, and auditors. The document explicitly lists these effective notes, which cover critical areas such as operational risk, capital adequacy, IFRS 9 application, and cyber resilience, while designating all other prior notes as withdrawn or replaced. Institutions and their independent auditors must retain copies of the confirmed guidance notes and return a duly signed acknowledgement of receipt to the Prudential Authority.
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