Prudential Authority Circular C1-2026: Status of Bank Circulars

Circular C1-2026, issued by the Prudential Authority (PA) of the South African Reserve Bank, serves to annually confirm the status of previously issued bank circulars. This notice is intended to provide clarity to banks, controlling companies, eligible institutions, and their auditors regarding which circulars remain in effect. It clarifies that directives issued under section 6(6) of the Banks Act remain effective until formally withdrawn.

While this circular itself is a routine administrative confirmation, regulated entities should ensure they are aware of the current status of all applicable circulars. The PA will continue this annual confirmation process. No immediate action is required by addressees beyond maintaining awareness of the effective circulars. The document does not specify any penalties for non-compliance with the status confirmation itself, as it is an informational notice.