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act2of1996.pdf | 976.82 KB |
2 of 1996
The South African Reserve Bank Amendment Act 2 of 1996 intends:
- to amend the South African Reserve Bank Act, 1989, so as
- to replace, insert or delete certain definitions;
- to redetermine the primary objective of the South African Reserve Bank;
- to further regulate the appointment of certain directors of the Bank;
- to replace or delete certain obsolete expressions and provisions;
- to supplement the powers of the Bank in respect of transactions in certain financial instruments;
- to prescribe corrective steps ill the event of the acquisition of shares in the Bank in excess of the permissible maximum shareholding; and
- to extend the provisions regarding an offence in connection with gold coins; and
- to provide for matters connected therewith.
Commencement
15 March 1996