Regulatory Alerts2014-02-06
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Status of Previously Issued Guidance Notes
The South African Reserve Bank’s Registrar of Banks issued Guidance Note 1/2014 to confirm which previously issued guidance notes remain in force for banks, foreign branches, controlling companies, and their auditors. The directive automatically deems all prior guidance notes withdrawn unless explicitly listed as effective, retaining their original numbers and dates. Institutions must retain copies of the eighteen confirmed notes and return a jointly signed acknowledgement of receipt from their chief executive officer and independent auditors.
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