Exchange Control Circular No. 1/2023

Circular Reference: Exchange Control Circular No. 1/2023

Circular Date: 8 February 2023

Circular Status: Pending

Cancellation of ICICI Bank Limited, South Africa Branch as Authorised Dealer in foreign exchange

The appointment of ICICI Bank Limited, South Africa Branch as an Authorised Dealer in foreign exchange (Authorised Dealer) has been cancelled with immediate effect.

The name of ICICI Bank Limited, South Africa Branch will be removed from the list of Authorised Dealers in sections A.2(A) and A.2(B) of the Currency and Exchanges Manual for Authorised Dealers and Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority (Manuals), respectively, as well as in the guideline documents for business entities and individuals (guideline documents).

The relevant Government Notice is attached hereto and the amended Manuals and guideline documents may be accessed on the SARB website: www.resbank.co.za by following the links: Home > What we do > Financial Surveillance > Financial Surveillance documents.

Head of Department: Financial Surveillance

ICICI Bank Limited South Africa Branch
View the Circular

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