The Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority contains the permissions and conditions that apply to transactions in foreign exchange that may be undertaken by Authorised Dealers in foreign exchange with limited authority (ADLAs) and / or on behalf of their clients in terms of Exchange Control Regulations 2(2), details of related administrative responsibilities, the reporting requirements of the Financial Surveillance Department (FSD) of the South African Reserve Bank (SARB) as well as the requirements of the Financial Intelligence Centre Act, 2001 applicable to ADLAs. The manual must be read in conjunction with the Exchange Control Regulations. ADLAs may transact without referring to the FSD provided such transactions are permitted in terms of this manual.
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