Exchange Control Circular No. 17/2021

Circular Reference: Exchange Control Circular No. 17/2021

Circular Date: 8 July 2021

Circular Status: Pending

Appointment of Discovery Bank Limited as an Authorised Dealer in foreign exchange

Discovery Bank Limited has been appointed as an Authorised Dealer in foreign exchange in South Africa.

The name of Discovery Bank Limited will be removed from the list of ‘Restricted Authorised Dealers’ in section A.2(A) of the Currency and Exchanges Manual for Authorised Dealers (Authorised Dealer Manual) and added to the list of ‘Authorised Dealers’ in section A.2(A) of the Authorised Dealer Manual. The name of Discovery Bank Limited will also be removed from section A.2(C) of the Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority (ADLA Manual) and added to section A.2(B) of the ADLA Manual, as well as in the guideline documents for business entities and individuals (guideline documents).

The relevant Government Notices are attached hereto and the above-mentioned manuals and guideline documents may be accessed on the SARB’s website: www.resbank.co.za by following the links: Home > What we do > Financial Surveillance > Financial Surveillance documents.

Head of Department: Financial Surveillance

Discovery Bank Limited
View the Circular

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