This delay is not the first that the FSA has been forced to announce (see our coverage here): the launch has been delayed for nearly two years, as the regulator has struggled to get its current surveillance system up to scratch in order to be able to process transaction reports for AII transactions. August 2002, and which was limited to minor additions and relocations. BIC2 constitutes the result of a full and thorough review of the BIC scheme, carried out in accordance with clearly defined aims and principles, which has produced some significant changes and advances. The SWIFT code for its primary office is NEDSZAJJ: NEDS identifies Nedbank ZA is the country code for South Africa JJ is the code for Johannesburg Nedbank has not implemented the extended code of 11 digits and all SWIFT transfers to its accounts are directed to the primary office for processing.

Country	City	Bank Name	Branch	SWIFT
Russian Federation	Moscow	SMP Bank	SMP Bank	SMBKRUMMXXX