Page Content
This exchange control manual is issued to assist Authorised Dealers in foreign exchange, their customers and other interested parties by providing a general understanding of the purpose, scope and operation of the financial surveillance system in the Republic of South Africa and in the Common Monetary Area. It is not intended to have the force of law or any other legal status.
Since exchange control norms, policy, limits and conditions may change according to circumstances, Authorised Dealers must, in all instances, refer to the Exchange Control Regulations and the Exchange Control Rulings issued by the Financial Surveillance Department in respect of all transactions which may be undertaken by Authorised Dealers. Accordingly, this exchange control manual merely serves as a general guideline and does not replace or supersede the Exchange Control Regulations or Exchange Control Rulings, nor the norms and policies as applied by the Financial Surveillance Department from time to time.
For the legal definitions and provisions applicable to the administration of exchange controls, reference should be made to the Exchange Control Regulations, the Orders and Rules and the Exchange Control Rulings issued thereunder.
All enquiries must be directed to an Authorised Dealer and any request to the Financial Surveillance Department is required to be channelled through an Authorised Dealer who must obtain full details applicable to the request to enable the Authorised Dealer to place a comprehensive request before the Financial Surveillance Department.