Exchange Control Regulations: Cancellation of an authorised dealer in foreign exchange - HSBC | South African Government

https://www.gov.za/documents/notices/exchange-control-regulations-cancellation-authorised-dealer-foreign-exchange-hsbc
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Official South African Government Information and Services website, President Cyril Ramaphosa, Deputy President Paul Mashatile, Minister John Steenhuisen, Minister Siviwe Gwarube, Minister Solly Malatsi, Minister Velinkosi Hlabisa, Minister Pieter Groenewald, Minister Angie Motshekga, Minister Kgosientsho Ramokgopa, Minister Nomakhosazana Meth, Minister Enoch Godongwana, Minister Dion George, Minister Aaron Motsoaledi, Minister Nobuhle Nkabane, Minister Leon Schreiber, Minister Thembisile Simelane, Minister Ronald Lamola, Minister Mmamoloko Kubayi, Minister Mzwanele Nyhontso, Minister Gwede Mantashe, Minister Maropene Ramokgopa, Minister Senzo Mchunu, Minister Khumbudzo Ntshavheni, Minister Inkosi Mzamo Buthelezi, Minister Dean Macpherson, Minister Blade Nzimande, Minister Stella Ndabeni-Abrahams, Minister Sisisi Tolashe, Minister Gayton McKenzie, Minister Patricia de Lille, Minister Parks Tau, Minister Barbara Creecy, Minister Pemmy Majodina, Minister Sindisiwe Chikunga

2026-05-18 08:11:19 · rghosh@vixio.com
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TITLE: South Africa's Government Cancels HSBC's Authorised Dealer Status in Foreign Exchange BODY: The Government of South Africa cancelled HSBC's authorisation as a dealer in foreign exchange under the Exchange Control Regulations. The cancellation notice was published in the Government Gazette, the official publication vehicle for South African government announcements and legal notices. The Exchange Control Regulations govern the licensing and operation of authorised dealers in foreign exchange within South Africa. Authorised dealers are financial institutions permitted to conduct foreign exchange transactions on behalf of clients and facilitate cross-border payments and currency conversions. The cancellation of HSBC's authorised dealer status means the institution can no longer operate as a licensed foreign exchange dealer in South Africa. This action affects HSBC's ability to conduct regulated foreign exchange business in the jurisdiction. Clients and counterparties relying on HSBC's authorised dealer services will need to transition their foreign exchange operations to alternative authorised dealers. The specific reasons for the cancellation and any transition arrangements or effective dates are contained within the formal notice published in the Government Gazette. **REFERENCES:** South African Government. Exchange Control Regulations: Cancellation of an authorised dealer in foreign exchange – HSBC. Government Gazette. Available at: https://www.gov.za/
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