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

Notices

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

Exemption Notice relating to Securitisation Schemes

Notice No. 2 of 2008
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Notice No. 2

1 January 2008

GG 30628

 

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, Errol Melville Kruger, Registrar of Banks, hereby designate, with the approval of the Minister of Finance, the activity set out in paragraph 2 of the Schedule, and which is performed in accordance with the conditions set out in paragraphs 4 to 16 of the Schedule, as an activity that does not fall within the meaning of "the business of a bank".

 

 

E M Kruger

Registrar of Banks