05 December 2011

The Controlling Body of Strate issued Circular 06P/2011, Agreed Upon Procedures for Registered Auditors Reporting on Factual Findings in terms of the Central Securities Depository (CSD) Rules and the Securities Services Act (SSA) on 17 November 2011. Circular 06P/2011 replaces Circular 05P/2011 and is effective immediately.

Circular 05P/2011 has been replaced due to the approval by the Financial Services Board of additional CSD Rules pertaining to the authority for Participants to open Segregated Depository Accounts on behalf of their clients who elect to operate and maintain such accounts and which impose obligations on a Primary and, where applicable, a Secondary Participant.

The purpose of this Circular is to provide guidance for Registered Auditors when reporting in terms of the Central Securities Depository (CSD) Rules and the Securities Services Act (SSA) on the Participant's compliance with the relevant sections of the SSA, Board Notice 17 of 2005 published in Government Gazette No. 27231 on 31 January 2006 and Board Notice 58 of 2005 published in Government Gazette No. 27735 on 8 July 2005.

The Strate Circular 06P/2011 can be downloaded from the Strate website www.strate.co.za or from the IRBA's website.

Should you have any further queries or experience any technical difficulties in downloading the documents please do not hesitate to contact the Standards Department at +27 (0)87 940 8800 or send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Sandy van Esch
Director: Standards

Download the document in (Doc | PDF) format.

About the IRBA
The objective of the IRBA is to endeavour to protect the financial interests of the South African public and international investors in South Africa through the effective and appropriate regulation of audits conducted by registered auditors, in accordance with internationally recognised standards and processes.