​This Prudential Communication serves to communicate the intention of the Prudential Authority to amend the Commercial Paper Exemption Notice, dated 14 December 1994, and to invite comments on the proposed amendments. This Prudential Communication further relates to the provisions of section 11(1) of the Banks Act No. 94 of 1990) (Banks Act), which states that any person who issues commercial paper without complying with the provisions of the Commercial Paper Exemption Notice would be conducting the ‘business of a bank’ in contravention of the Banks Act