Apply In-Person:

1. To Revoke Authorization of Established Bank, the applicant has to approach the Prudential Authority of South African reserve bank link
2. The applicant has to write a request letter regarding the revocation.
3. An application form will be provided to the applicant by the concerned officer.
4. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
5. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
6. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
7. Submit all the documents with the completed form to the concerned officer.
8. The applicant has to pay the prescribed fee as requested by the authority.
9. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
10. All applications are processed within a reasonable time, having regard to the particular circumstances of each application, including the completeness of information and documents submitted to the PA by the applicant.
11. The PA may seek additional information from an applicant if this is necessary to assess the application. The PA does not need to deal further with an application until the applicant has provided this additional information.
12. The PA will make a decision independently on revocation, it will notify the applicant in writing.
13. This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

• Completed application form
• Request letter
• Prudential requirements.

SOUTH AFRICAN RESERVE BANK
Prudential Authority
370 Helen Joseph Street,
Pretoria, 0002
P O Box 427,
Pretoria, 0001
Telephone: +27 12 313 3911
Email: PA-Info@resbank.co.za, SARB-PA@resbank.co.za
Contact link

• Any authorized bank that intends to revoke its bank branch is eligible to make this application.

• The applicant has to pay the prescribed fee as per the authority’s request.

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Please attach documents that can be used by people. e.g. links

Please attach sample completed documents that would help other people.

• This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

No person shall use the word ‘bank’ in a business name unless:

• The business in question is a bank, branch or representative office of a foreign institution;
• The business in question is registered as a controlling company in respect of a bank; or
• Such name or description is composed of words that include the word ‘bank’ as part of a place name or a personal name.

• Name of the applicant
• Address
• Email
• Telephone
• Details of owner
• Details of share holders
• Details of board members
• Details of controllers

• Any bank that intends to take back its services from south Africa can apply for working revoking authorization.

• The PA’s objectives are to promote and enhance the safety and soundness of financial institutions that provide financial products and securities services, to protect financial customers against the risk that those financial institutions may fail to meet their obligations and to assist in maintaining financial stability.

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

Link

The conduct of the business of a bank therefore entails the ongoing management of risks, which may arise from the bank’s or mutual bank’s on-balance sheet or off-balance sheet activities and which may include the following types of risk:

• Credit risk
• market risk arising from banking business and trading activities;
• liquidity risk
• interest rate risk
• solvency risk
• Operational risk
• any other risk regarded as material.

Banks and mutual banks are expected to have in place comprehensive risk management processes, practices and procedures, and board approved policies to identify, measure, monitor, control, appropriately price, appropriately mitigate and appropriately communicate or report the afore-mentioned risks