Regulatory Alerts2026-03-09
Status of Previously Issued Circulars (C1/2026)
The Prudential Authority issued Circular C1/2026 to confirm the ongoing validity of previously published Banks Act circulars and directives for South African banks, foreign branches, controlling companies, eligible institutions, and their auditors. The document explicitly lists 18 effective circulars and 69 directives, clarifying that while circulars undergo annual confirmation, directives remain legally binding until formally withdrawn in writing by the Authority. Institutions are required to retain copies of these listed instruments, make them available to their auditors, and return a duly signed acknowledgement of receipt.
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