Authorised Dealers in foreign exchange with Limited Authority

Authorised Dealers in foreign exchange with limited authority (ADLAs) are authorised by the Financial Surveillance Department to deal in certain foreign exchange transactions.

 

ADLAs include bureaux de change, independent money transfer operators and value transfer service providers. 

 

Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority

The Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority contains the permissions and conditions that apply to foreign exchange transactions that may be undertaken by ADLAs and/or on behalf of their clients in terms of Exchange Control Regulation 2(2), details of related administrative responsibilities, the Financial Surveillance Department’s reporting requirements 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, 1961. ADLAs may transact without referring to the Financial Surveillance Department, provided such transactions are permitted in terms of the manual.

 

Any queries relating to ADLAs can be directed to SARB-ADLA@resbank.co.za

The website can be accessed here.

The website can be accessed here.

Online systems

The FinSurv Reporting System aims to ensure accurate and comprehensive reporting of all transactions data by Authorised Dealers and ADLAs in order to:

  • enable the SARB’s Economic Statistics Department to compile balance of payments statistics;
  • compile foreign debt statistics and repayment profiles to support monetary policy decisions;
  • compile statistical information relating to the nature, volume and values of cross‑border flows; and
  • provide the appropriate information for economic and financial management decisions, as well as planning and policy formulation.

FinSurv has embarked on a renewal programme branded as 1FinSurv to re-engineer the FinSurv business processes as well as replace a number of key information technology solutions currently being utilised within FinSurv.

 

FinSurv Reporting System extranet site

The website can be accessed here.