Guidance Note 1 of 2026 - Status of previously issued guidance notes and directive

P O Box 427 Pretoria 0001 South Africa 370 Helen Joseph Street Pretoria 0002 +27 12 313 3911 / 0861 12 7272 www.resbank.co.za 1 Ref.: 15/8/4/2 G1/2026 To: All prospective co-operative financial institutions, registered co-operative financial institutions and co-operative banks Guidance Note issued in terms of section 45(e) of the Co-operative Banks Act, 2007 (Act No. 40 of 2007) Status of previously issued guidance notes Executive summary To ensure that co-operative banks and co-operative financial institutions (CFIs) are in no doubt as to which previously issued guidance notes remain effective, the first guidance note of a particular year will serve as a notification to all institutions, indicating which previously issued guidance notes remain effective for the ensuing year. Addressees should note that directives issued in terms of section 48(1) of the Co-operative Banks Act, 2007 (Act No. 40 of 2007) (Co-operative Banks Act) may be cancelled or revoked by the PA in terms of section 48(6) of the Co-operative Banks Act.

1. Introduction 1.1 All previously issued guidance notes are deemed to be withdrawn, terminated or replaced, except if such a guidance note is to remain effective and is then accordingly confirmed in Guidance Note 1 of that year. The guidance notes that remain effective will retain their original numbers and dates.
2. Effective guidance notes The guidance notes listed below remain effective. Accordingly, co-operative banks are requested to retain copies of these guidance notes. Guidance Note Brief details Applicable to 2.1 Guidance Note 1/2019 Application for registration as a co-operative financial institution in terms of the Co-operative Banks Act, 2007 (Act No. 40 of 2007) CFIs 2.2 Guidance Note 2/2019 Guidelines in respect of business plans, savings and loans policies CFIs

2 2.3 Guidance Note 1/2020 Model constitution Co-operative banks and CFIs 2.4 Guidance Note 2/2020 Guidelines in relation to the common bond requirement Co-operative banks and CFIs 2.5 Guidance Note 1/2021 Application for registration as a co-operative financial institution in terms of the Co-operative Banks Act, 2007 (Act No. 40 of 2007) CFIs 3. Effective directives Section 48 (1) of the Co-operative Banks Act prescribes that the PA may, in order to ensure the implementation and administration of the Co-operative Banks Act or to protect members and the public in general, issue a directive to a co-operative bank or a CFI. The PA issued a directive in terms of section 48(1) of the Co-operative Banks Act. It is hereby confirmed that the below directive remains effective until being cancelled or revoked by the PA in terms of section 48(6) of the Co-operative Banks Act. The directive listed below is effective. Directive Brief details Applicable to 3.1 Directive 1/2023 Statement by individuals who are holding, or are proposing to hold, the office of a director, managing director or executive officer of a co-operative financial institution CFIs 4. Acknowledgement of receipt 4.1 Kindly ensure that a copy of this guidance note is made available to your institution’s auditors. The attached acknowledgement of receipt, duly completed and signed by both the Chief Executive Officer of the institution and the said auditors, should be returned to the PA at the earliest convenience of the aforementioned signatories. Fundi Tshazibana Chief Executive Officer Date: The previous guidance note issued was Guidance Note 1/2022 dated 11 March 2022.