Banks Act, 1990 (Act No. 94 of 1990)NoticesDesignation of an Activity not Falling within the meaning of "The Business of a Bank"Exemption Notice relating to Securitisation Schemes3. Interpretation |
| 1) | In this Schedule, the provisions of the subparagraphs under the headings of "General" provide general commentary and descriptions and- |
| a) | shall be ignored in so far as the provisions of the said subparagraphs are in conflict with the specific provisions of the remainder of the Schedule; |
| b) | shall not be regarded as imposing additional obligations on any of the parties involved in a traditional or synthetic securitisation scheme. |