Reports to the Prudential Authority and the Exchange Control Department

SARB Banks Act Regulatory Reports

In terms of Regulations 39, 40 and 46 of the Regulations relating to Banks issued in terms of the Banks Act (No. 94 of 1990), the external auditor of a bank is required to report to the SARB on various regulatory matters.
In terms of Regulation 46(6) of the aforementioned regulations, the illustrative reports have been rendered in accordance with the wording and practices agreed from time to time between the Prudential Authority, the South African Institute of Chartered Accountants (SAICA) and the IRBA.

Reports

Title Date issued Effective date Documents
Revised Illustrative Mutual Banks Act Reports 18 March 2022 Engagements where the terms of engagement have been agreed on or after 1 January 2022 PDF | Word
Revised Illustrative Reg 46 - SA Reports 18 March 2022 Engagements where the terms of engagement have been agreed on or after 1 January 2022 PDF | Word
Revised Illustrative Reg 46 - Foreign Reports 18 March 2022 Engagements where the terms of engagement have been agreed on or after 1 January 2022 PDF | Word
Revised Illustrative BA 501 Reports 18 March 2022 Engagements where the terms of engagement have been agreed on or after 1 January 2022 PDF | Word
South African and Consolidated Operations – Revised Illustrative Regulatory Reports A-I 17 March 2021 Engagements with periods ending on or after 1 January 2021 PDF | Word
Foreign Operations (BA 610 returns) – Revised Illustrative Regulatory Reports A-H 17 March 2021 Engagements with periods ending on or after 1 January 2021 PDF | Word
Updated South African and Consolidated Operations - Revised Illustrative Regulatory Reports A-I 5 November 2020 Effective as of 16 November 2020 PDF | Word
Updated Foreign Operations (BA 610 returns) - Revised Illustrative Regulatory Reports A-H. 5 November 2020 Effective as of 16 November 2020 PDF | Word
Illustrative BA 501 Reports 18 June 2019 Effective for banks and affected entities with year ends on or after 28 February 2019 PDF | Word
Illustrative Mutual Banks Act Reports (Parts A-F) 28 November 2019 Effective for banks with year ends on or after 31 December 2019 PDF | Word
South African and Consolidated Operations - Revised Illustrative Regulatory Reports A-I 28 November 2019 Effective for banks with year ends on or after 31 December 2019 PDF | Word
Foreign Operations (BA 610 returns) - Revised Illustrative Regulatory Reports A-H. 28 November 2019 Effective for banks with year ends on or after 31 December 2019 PDF | Word
Revised illustrative regulatory reports A-H 28 November 2016 Effective for banks with year ends on or after 15 December 2016 PDF | Word
Illustrative regulatory reports A-H 1 July 2016 Effective for banks with year ends on or after 31 December 2015 PDF | Word
Illustrative regulatory reports I-J 1 July 2016 Effective for banks with year ends on or after 31 December 2015 PDF | Word

South African Reserve Bank Prudential Authority

SARB Mutual Banks Act Regulatory Reports

In terms of Regulation 6 of the Regulations relating to Mutual Banks issued in terms of the Mutual Banks Act (No. 124 of 1993), the external auditor of a mutual bank is required to report to the SARB on various regulatory matters.
In terms of Regulation 6(5) of the aforementioned Regulations, the illustrative reports have been rendered in accordance with the wording and practices recommended from time to time by the South African Institute of Chartered Accountants (SAICA) in consultation with the Prudential Authority and the IRBA.
 

Title Date issued Effective date Documents
Updated Illustrative Mutual Banks Act Reports (Parts A-F) 5 November 2020 Effective as of 16 November 2020 PDF | Word
Illustrative Mutual Banks Act Reports (Parts A-F) 28 November 2019 Effective for banks with year ends on or after 31 December 2019 PDF | Word

 

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Related communiques

 

Exchange Control Department Reports

The auditor’s limited assurance report regarding the company’s compliance with the Imports and Exports Undertakings is incorporated in the Exchange Control Rulings of the Exchange Control Department of the South African Reserve Bank.

Reports

Title Date issued Effective date Documents
Illustrative Report: SARB Macro Prudential Foreign Exposure Limit Return Report May 2022
  • Audits and reviews of financial statements for periods beginning on or after 15 December 2022; and
  • Other assurance and related services engagements beginning on or after 15 December 2022.
PDF | Word
Illustrative Revised Macro-Prudential Foreign Exposure Return Reports 18 June 2019 Year ends on or after 28 February 2019 PDF | Word
Section B.2(I)(xiii) of the Currency and Exchanges Manual for Authorised Dealers: Auditor's limited assurance report on the Macro-Prudential Foreign Exposure Limit Return 12 September 2016

Year ends on or after 31 December 2016

PDF

Word

Exchange Control Circular No. 11/2006:
Foreign portfolio investments by South African Institutional Investors – audit requirements
28 March 2006   PDF

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