Regulatory Alerts2007-01-20
Consultation on Directives, Circulars and Guidance Notes Effective 1 January 2008 Under the Amended Banks Act
The South African Reserve Bank's Registrar of Banks invites comments from banks, controlling companies, and foreign bank branches on proposed regulatory instruments effective 1 January 2008 under the amended Banks Act. The consultation proposes reclassifying existing circulars into binding directives, informational circulars, or guidance notes, with specific lists detailing which current documents will be replaced or retained. Stakeholders are requested to submit their feedback on these changes by 30 November 2007.
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