Authorised Dealers are referred to subsection B.2(B)(iii)(c) of the Exchange Control Rulings and advised that the limits of 20 per cent and 30 per cent have been increased to 25 per cent and 35 per cent respectively, with effect from the date of this Circular. A replacement page of the Exchange Control Rulings incorporating the […]
Exchange Control Circular No. 45/2010 Read More »
Authorised Dealers are advised that, with effect from 2010-03-01, they will be able to acquire direct and indirect foreign exposure up to a macro-prudential limit of 25% of their total liabilities, excluding total shareholder’s equity. It must be clearly understood that the methodology used by Exchange Control in calculating the foreign exposure should not be
Exchange Control Circular No. 6/2010 Read More »
Authorised Dealers are referred to the 2010 Budget and the Medium Term Budget Policy Statement as well as the press release issued by the National Treasury on 2010-12-13, a copy of which is attached for ease of reference, concerning the revised prudential limits. A further Circular, in amplification of the aforegoing, has also been issued
Exchange Control Circular No. 44/2010 Read More »
Authorised Dealers are referred to Exchange Control Circular No. 6/2010 dated 2010-02-17 and advised that Section H.(A) and subsections H.(C)(ii) and (v) of the Exchange Control Rulings, has been amended to indicate that any holding of an inward listed security by an Authorised Dealer will form part of the macro-prudential limit of 25% of their
Exchange Control Circular No. 15/2010 Read More »
