Regulatory Alerts2020-06-15
Added · Updated
Circular 07 of 2020 - Update on the extension of the NCA business days
The suspension and extension of business days under paragraphs 4 and 5 of Circular 1 of 2020 are lifted effective 17 June 2020. The extension of distribution days under paragraph 6 remains in place until 30 June 2020, after which debit order collection distribution days revert to five business days starting 1 July 2020. These changes apply to registrants and consumers affected by the National Credit Act regulations.
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