Regulatory Alerts2012-01-23
Status of Previously Issued Guidance Notes
The South African Reserve Bank’s Registrar of Banks issued Guidance Note 1/2012 to establish an annual notification process clarifying which previously issued guidance notes remain effective for banks, foreign branches, controlling companies, and auditors. The document lists twelve specific guidance notes that retain their original numbers and dates, while automatically deeming all other prior notes withdrawn or replaced unless explicitly published in the annual notice. Institutions must return a duly completed and signed acknowledgement of receipt from both the chief executive officer and independent auditors to confirm compliance.
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