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

Notices

Designation of an Activity not Falling within the meaning of "The Business of a Bank"

Commercial Paper

Notice No. 2172 of 1994
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Notice No. 2172

14 December 1994

GG 16167

 

South African Reserve Bank

 

Under paragraph (cc) of the definition of "the business of a bank" in section 1 of the Banks Act, 1990 (Act No. 94 of 1990), I, Christo Floris Wiese, Deputy Registrar of Banks, hereby designate, with the approval of the Minister of Finance, and with effect from 1 January 1995, the activity set out in paragraph 2 of the Schedule, and which is performed in accordance with the conditions set out in paragraph 3 of the Schedule, as an activity that does not fall within the meaning of "the business of a bank".

 

 

C F Wiese

Deputy Registrar of Banks