Examples of Registrar of Banks in a sentence
The Additional Conditions (if any) prescribed by the Registrar of Banks in respect of Capital Notes will be specified in the Applicable Pricing Supplement or a supplement to the Programme Memorandum.
For so long as the applicable Capital Regulations so provide, any redemption of Tier 2 Notes prior to the applicable Maturity Date(s) (including but not limited early redemption for tax reasons) will require the prior written approval of, and must be in accordance with the Additional Conditions (if any) approved by, the Registrar of Banks.
The summary set out below is a summary of the regulatory capital requirements as at the Programme Date and may be subject to change or any Additional Conditions which the Registrar of Banks may prescribe.
In order for the proceeds of the issuance of Subordinated Notes to qualify as Regulatory Capital, Subordinated Notes must comply with the applicable Capital Regulations and Additional Conditions (if any) prescribed by the Registrar of Banks in respect of a particular Tranche of Subordinated Notes.
The Registrar of Banks has approved the issue of the Notes represented by this Certificate in terms of the Banks Act (as read with Regulation 38(14)(b) of the "Regulations Relating to Banks" promulgated under the Banks Act) and for the proceeds thereof to rank as "secondary capital" as defined in the Banks Act.
Application for such arrangements would be required to be made by the bank concerned to the Registrar of Banks.
In order for the proceeds of the issuance of the Notes to qualify as Secondary Capital or Tertiary Capital, as the case may be, Subordinated Notes must comply with the applicable Capital Regulations (including the Additional Conditions (if any) prescribed by the Registrar of Banks in respect of a particular Tranche of Subordinated Notes).
An inquiry commission report on Regal Bank affairs, published in March 2002, provided detailed description of manipulations and criticized the Registrar of Banks and Regal Bank’s auditor (local member of one of the big-5 international network of accounting firms).
Regulations under the Banks Act include disclosing timely information in financial reports; reporting by external auditors to the Registrar of Banks any material irregularities and other information concerning the audited bank; and enhancing corporate governance practices in banks.
Accordingly, the Registrar of Banks cannot be bound by the provisions of the Postbank Act and policies made in terms of the said Act.