Regulatory Alerts2025-04-07
Status of Previously Issued Circulars (C1/2025)
The Prudential Authority issued Circular C1/2025 to annually confirm the operational status of previously published circulars and directives under South Africa’s Banks Act. The document explicitly lists 19 effective circulars and 67 directives, establishing that unconfirmed circulars are deemed withdrawn or replaced while the listed directives remain legally binding until formally revoked. Addressees, including banks, foreign branches, controlling companies, and auditors, must retain these instruments, ensure auditor access, and return a jointly signed acknowledgement of receipt.
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