Regulatory Alerts2019-02-05
C1/2019: Status of previously issued circulars
The South African Reserve Bank's Prudential Authority issued Circular 1/2019 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 2018 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in force, while clarifying that directives issued under section 6(6) of the Banks Act remain effective until formally withdrawn in writing.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 effective circulars and return a signed acknowledgement of receipt to the Authority.
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