Regulatory Alerts2016-02-05
Status of Previously Issued Guidance Notes
The South African Reserve Bank’s Registrar of Banks issued Guidance Note G1/2016 to clarify the validity and application of previously released regulatory guidance notes. Under this directive, all prior guidance notes are automatically deemed withdrawn or replaced unless explicitly confirmed in the year’s first guidance note, which serves as an annual notification of effectiveness. The document lists twenty-four specific guidance notes that remain in force and mandates banks, controlling companies, eligible institutions, and auditors to return a jointly signed acknowledgement of receipt.
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