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

Regulations

Regulations relating to Banks' Financial Instrument Trading

Chapter 3 : Capital

10. Capital-adequacy requirement returns
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(1)Unaudited current-year profits or losses, in accordance with the form DI 200 submitted, shall be verified by a bank's external auditors on a six-monthly basis, in the case of a bank—
(a)registered in terms of the Banks Act, in terms of regulation 6 of the Regulations relating to Banks
(b)registered in terms of the Mutual Banks Act, in terms of regulation 6 of the Regulations relating to Mutual Banks.

 

(2)Subject to the provisions of regulation 11(4)(a), a bank shall be able to convert its trading assets into cash within a three-month period at all times.