Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Chapter VI : Representative Bodies

32. Requirements for registration
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In order to qualify for registration a representative body must demonstrate, to the satisfaction of the Agency, that it—

(a)represents more than one co-operative financial institution or co-operative bank in interactions with organs of state, the private sector and stakeholders;

[Section 32(a) amended by section 243 of Act No. 45 of 2013]

(b)has the requisite experience, knowledge, qualifications and competence to represent co-operative banks; and
(c)has sufficient human, financial and operational capacity to function efficiently and competently.