Delegation of powers and assignment of duties by registrar. Section 51 of the banks act, 1990, is hereby amended by the repeal in subsection 1 of paragraph c. Standard terms and conditions applicable to all mandates part. Business brief december 2011 usa federal taxes irs.
Publication of information relating to mutual banks 28. Addressing conflicts of interest if remarks delivered to american bankers associations legislative liaison advisory committee naples, florida february ii j 1993 the views expressed herein are those of commissioner roberts and do not necessarily represent those of the commission, other commissioners or the staff. Financial intelligence centre act pule incorporated. Banking institution registered in terms of the banks act, 1990 act no. If you are a moderator please see our troubleshooting guide. A person who carries on the business of a bank as defined in the bank act 94 of 1990. Authorization to establish, and registration and cancellation of registration of, mutual banks. The building societies act later renamed the mutual building societies act was finally repealed in 1993, and the two remaining building societies were then converted into mutual banks registered in terms of the mutual banks act 124 of 1993.
Be it enacted by the state president and the parliament of the republic of south africa, as follows. Amendment of regulation 28 of the regulations made under section 36 i, pravin j gordhan, minister of finance, in terms of section 361bb and c and section 40c of the pension funds act, 1956 act no. Safe deposit of securities act 85 of 1992 government notice 1773 in government gazette 14080 dated 1 july 1992. You may be trying to access this site from a secured browser on the server. Section 1 of the mutual banks act, 1993 hereinafter referred to as the principal act, is hereby amended by the deletion in subsection 1 of the definition of terminating mutual building society. Mutual banks act means the mutual banks act, 1993 act 124 of 1993. Payment systems in south africa bank for international. Disclosure by directors of interest in contracts with mutual bank 40. The banks act 94 of 1990 section 871 a and mutual banks act 124 of 1993 section 881 insurance policy age at which a child can take out an insurance policy in their own name 18 the 18 year old can entervary or deal with a long term policy under which heshe is the beneficiary as if heshe was a major longterm insurance act 52 of 1998. Market infrastructure as defined in the financial markets act 2012 act no.
The mutual banks act 124 of 1993 the cooperative banks act 40 of 2007 the nationalpayment system of south africa act 78 of 1998 the nationalcredit act 34 of 2005 the financial intelligence centre act 38 of 2001 the financial advisory and intermediary services act 37 of 2002. Mutual banks registered in terms of the mutual banks act 124 of 1993 whose business is in full or in part either the acceptance of deposits from the general public, the advance of credit to persons or both such acceptance and advance with the security of a registered mortgage bond or. To provide for the regulation and supervision of the activities of juristic persons doing business as mutual banks. The regulations relating to banks and the regulations relating to mutual banks the regulations. An account or accounts in the name of the fund opened with a bank as defined in the banks act 94 of 1990 or a mutual bank as defined in the mutual banks act 124 of 1993.
The mutual banks act 124 of 1993 the cooperative banks act 40 of 2007 the nationalpayment system of south africa act 78 of 1998 the nationalcredit act 34 of 2005 the financial intelligence centre act 38 of 2001 the financial. Sizwentsalubagobodo advisory services was appointed, in terms of section 81 of the mutual banks act 124 of 1993 the mutual banks act, as the curator to vbs. A person who carries on a longterm insurance business as defined in the longterm insurance act 52 of 1998. The law of persons in south africa regulates the birth, privatelaw status and the death of a natural person.
Amends sa reserve bank, banking institutions, mutual building societies and building societies. Definition of banker substituted by definition of bank by s. A licensed central securities depository a licensed clearing house. Powers of inspection of, and guidelines by, registrar.
Section 3 21 according to the mutual banks act of 1993 registration of mutual banks had two stages. From a payment system viewpoint the bills of exchange act deals mainly with the usage of paperbased cheques and bills of. Legal guide to age thresholds for children and young people. Amended by mb amendment act 54 of 1999 from 20 mar 2000. Repayment of deposits upon lapse of registration 30. Deposittaking institutions amendment act 9 of 1993 government notice 369 in government gazette 14626 dated 10 march 1993. A mutual bank as defined in the mutual banks act 124 of 1993. Understanding mandatory audit firm rotation in south africa. Rights and the childrens act or whether such a child loses the protection of section 28 in the bill of rights or the provisions set out in the childrens act. The core principles for effective banking supervision core principles.
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