Banks Act, 1990 (Act No. 94 of 1990)

Notices

Consent granted in terms of Section 34 of the Banks Act for a foreign institution to establish a representative office within the Republic of South Africa: Union Bancaire Privée, UBP-SA

Notice No. 1644 of 2023
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Notice No. 1644

3 March 2023

GG 48162

 

South African Reserve Bank

 

Notice is hereby given for general information, in accordance with the provisions of section 30 of the Banks Act, that Union Bancaire Privée, UBP-SA, an institution that lawfully conducts business similar to the business of a bank in Switzerland, has been granted consent by the Prudential Authority (formerly the Office of the Registrar of Banks), in terms of section 34 of the Banks Act, to establish a representative office within the Republic of South Africa, with effect from 8 February 2023. The representative office referred to above is, however, not authorised to conduct the business of a bank in the Republic of South Africa.

 

 

N Tshazibana

CEO: Prudential Authority