Regulatory Alerts2008-01-15
C1/08: Status of Previously Issued Circulars
The Registrar of Banks at the South African Reserve Bank annually confirms the status of previously issued circulars to clarify their continued applicability for banks, controlling companies, eligible institutions, and auditors. Unless explicitly published in the annual Circular 1, all prior circulars are deemed withdrawn or replaced, while those remaining effective retain their original numbering and dates. Institutions must retain copies of the active circulars, such as Circular 7/2007 regarding external credit assessment institutions, and return a jointly signed acknowledgement of receipt to the Registrar.
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