Regulatory Alerts2017-02-06
C1/2017: Status of previously issued circulars
The South African Reserve Bank's Registrar of Banks issued Circular 1/2017 to annually confirm the effective status of previously issued circulars for banks, controlling companies, eligible institutions, and their auditors. The document lists specific circulars from 2011 to 2017 that remain in force, while clarifying that directives issued under section 6(6) of the Banks Act remain effective until formally withdrawn in writing. Recipients are required to retain copies of these confirmed circulars and return signed acknowledgement of receipt forms to the Office.
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