Banking Institutions Act definition

Banking Institutions Act means the Banking Institutions Act, 1998 (Act No. 2 of 1998);
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Banking Institutions Act means the Banking Institutions Act, 1998 (Act No. 2 of 1998); “Board” means the Board of the Bank referred to in section 4 of the Bank of Namibia Act; “Body” means the Payment System Management Body established in terms of section 3; “business day” means any day other than a Saturday, Sunday or public holiday;
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Banking Institutions Act means the Banking Institutions Act, 2023 (Act No. 13 of 2023);
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Examples of Banking Institutions Act in a sentence

  • The Banks Act 23 of 1965 has been replaced by the Banking Institutions Act 2 of 1998.

  • The Bank of Namibia as defined in the Bank of Namibia Act, 1997 (Act No. 15 of 1997) to the extent that the Bank exercises its powers and fulfils its regulatory functions under the Banking Institutions Act, 1998 (Act No. 2 of 1998) as amended, the Currency and Exchanges Act, 1933 (Act No. 9 of 1933), the Prevention of Counterfeiting of Currency Act, 1965 (Act No. 16 of 1965), and the Payment System Management Act, 2003 (Act No. 18 of 2003).

  • Application of Companies Act, Banking Institutions Act, 1998, and other laws5.

  • A person or institution that carries on “banking business” or who is “receiving funds from the public” as defined in section 1 of the Banking Institutions Act, 1998 (Act No. 2 of 1998).

  • Application of Companies Act, Banking Institutions Act, 1998, and other laws 4.

  • Short title and commencement61Schedule62 Banking Institutions Act, 1998Act 2 of 1998Published in Government Gazette no.

  • With a view to formulating a plan that is more attractive than those offered in the same region and same industry, it will optimize the remuneration and welfare plan so to share its development results with all employees.

  • It has regulatory and supervisory powers over the operation of banking institutions and bureaux de change in terms of the Banking Institutions Act 1998 (Act 15 of 1998).

  • The BoN has the power under section 71(3)(b) of the Banking Institutions Act to issue general determinations on any matter for the proper regulation of the financial sector.

  • Despite the Banking Institutions Act or any other law, the Bank may provide information to, or request information from, other financial regulators, in Namibia or elsewhere, which is required to fulfil the objects of financial stability.


More Definitions of Banking Institutions Act

Banking Institutions Act means the Banking Institutions Act, 1998 (Act No. 2 of 1998); “Board” means the board of the Bank established in terms of section 9;
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Related to Banking Institutions Act

  • Educational institutions means schools and suchlike institutions;

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • Lending institution Any insurance company, federally insured commercial or savings bank, national banking association, savings and loan association, credit union, employees’ welfare, pension or retirement fund or system, corporate profit sharing or pension trust, college or university, endowment fund, real estate investment trust, or other institutional lender or financial enterprise, including, without limitation, any corporation qualified to be treated for federal tax purposes as a real estate investment trust, having a net worth of at least $50,000,000 acting on its own behalf or as agent on behalf of other Lending Institutions.