Banks Act, 1990 (Act No. 94 of 1990)RegulationsRegulations relating to banks - 2013Chapter V : Prescribed Fees59. Manner of payment of fees |
| (1) | Any fees payable in terms of regulations 58 and 60 shall be paid either by cheque, made payable to the South African Reserve Bank, or directly into the account of the Authority held at the South African Reserve Bank, the details of which account may be obtained from the Authority, at the address set out in regulation 6(1). |
[Section 59(1) substituted by section 2 Notice No. 724, GG44003, dated 18 December 2020]
| (2) | Subject to the provisions of section 9(13) of the Act, and except in the case of a refusal of an application under section 16(1) or 43(1) of the Act, fees paid in terms of regulation 58 shall not be repayable. |