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South Africa: Regulator approves codes of conducts for BASA and CBA

Notices in terms of Section 62(1) of the Protection of Personal Information Act, Act No. 4 of 2013 ('POPIA') on Code of Conduct: Banking Association of South Africa ('BASA') and Notice in terms of Section 62(1) of POPIA on Code of Conduct: Credit Bureau Association ('CBA') were published, on 7 October 2022, in the Official Government Gazette of South Africa. In particular, the notices signify that the applications by BASA and CBA to the Information Regulator ('the Regulator') have been successful and have been issued in pursuance of Section 62(1) of POPIA. More specifically, the notices outline that the codes of conduct submitted by both BASA and CBA deal with how personal information will be processed in the credit sector.

Furthermore, the notices highlight that codes of conduct under Section 60 of POPIA come into force on the 28th day after the date of its notification in the Gazette.

You can read the notice for BASA here and the notice for CBA here.

UPDATE (31 October 2022)

Regulator confirms approval of codes

The Regulator released, on 26 October 2022, a media statement in which it confirmed that it had approved codes of conduct for the banking and credit reporting sectors, as issued on 7 October 2022 to CBA and BASA. In particular, the Regulator confirmed that the codes will come into effect on 5 November 2022.

You can read the media statement here.