Files
| Attachment | Size |
|---|---|
| 3714410-12act22of2013-banks-amendment-acta.pdf | 349.16 KB |
22 of 2013
The Banks Amendment Act 22 of 2013 aims:
- to amend the Banks Act, 1990, so as:
- to define certain expressions and to amend certain definitions;
- to bring certain provisions in line with their practical application;
- to update references to legislation and institutions;
- to extend the use of the name bank to representative offices;
- to provide that a contravention of the Financial Intelligence Centre Act, 2001, is a cause for suspension or cancellation of registration as a bank;
- to align the Banks Act, 1990, with the Companies Act, 2008; and
- to comply further with the requirements of the Basel Committee of Banking Supervision; and
- to provide for matters connected therewith.
Commencement
10 December 2013
