Banks Act definition
Examples of Banks Act in a sentence
Administration of the Regional Rural Banks Act, 1976 (21 of 1976).
The Bank is subject to minimum capital requirements as defined in the Banks Act and Regulations pertaining to Banks.The Risk Management Committee considers the various risks faced by the Bank and analyses the need to hold capital against these risks whilst taking account of the regulatory requirements.
Muller - YesMr. Cuccio - Yes Mr. Tasker - YesMr. Hanisch - Yes Mrs.
The capital requirements are calculated based on the Banks Act 94 of 1990 (Banks Act), relevant regulations, directives and guidance notes issued by the PA.
A municipality may not open a bank account: • otherwise than in the name of the municipality;• abroad; or• with an institution not registered as a bank in terms of the Banks Act 1990.