EXCHANGE CONTROL REFORMS: DRAFT PRUDENTIAL AUTHORITY CIRCULARS OUT FOR COMMENT

EXCHANGE CONTROL REFORMS: DRAFT PRUDENTIAL AUTHORITY CIRCULARS OUT FOR COMMENT

• 04 March 2026
• National Treasury
• SA Legal Academy

The Prudential Authority has called for input by 17 March 2026 on nine draft circulars amplifying exchange control reform proposals outlined in Annexure E to the 2026 Budget Review.

According to the accompanying notice:

• the ‘dispensations’ concerned will become effective when the final circulars have been published, after which
• a ‘synthetic financial centre dispensation’ draft framework will be released for public comment, followed by
• a call for input on updated draft regulations seeking to ‘enable’ the implementation of:
  • the ‘capital flow management framework’, and
  • the ‘crypto assets framework for cross-border activities’.

Please click the link below for more information:

• nine draft circulars with Budget Review Annexure E (composite document)

Published by SA Legal Academy Policy Watch

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