Banks Act, 1990 (Act No. 94 of 1990)NoticesDesignation of an Activity not Falling within the meaning of "The Business of a Bank"Commercial Paper1. Definitions |
In this Schedule, "the Act" means the Banks Act, 1990 (Act No. 94 of 1990), and any word or expression to which a meaning has been assigned in the Act shall bear such meaning and, unless the context otherwise indicates-
means the Central Government as defined in regulation 1 of the Regulations;
means—
| (a) | any written acknowledgement of debt irrespective of whether the maturity thereof is fixed or based on a notice period, and irrespective of whether the rate at which interest is payable in respect of the debt in question is a fixed or floating rate; and |
| (b) | debentures or any interest-bearing written acknowledgement of debt issued for a fixed term in accordance with the provisions of the Companies Act, 1973 (Act No. 61 of 1973), |
but does not include bankers' acceptances;
means the Companies Act, 1973 (Act No. 61 of 1973);
means a company as defined in section 1 of the Companies Act;
means a holding company as defined in section 1(4) of the Companies Act;
means a person issuing commercial paper under the provisions of this Notice;
means a public company, the securities of which are included in the list of securities kept by the committee of the Johannesburg Stock Exchange in terms of section 16(a) of the Stock Exchanges Control Act, 1985 (Act No.1 of 1985), but does not include a public company, the securities of which are included exclusively under the sectors "Development Capital" or "Venture Capital" in the list of securities kept by the committee of the Johannesburg Stock Exchange in accordance with the provisions of the aforesaid Act;
means the Regulations relating to Banks, made under section 90 of the Act;
means an ultimate borrower as contemplated in paragraph 3(2);
means a wholly owned subsidiary as defined in section 1 of the Companies Act.