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

Chapter VII : Support Organisations

39. Requirements for continued accreditation

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In order to retain its accreditation, an accredited support organisation must—

(a)at least twice a year, submit performance reports to each co-operative bank it represents; and
(b)annually within three months of the end of its financial year—
(i)satisfy the Agency that it continues to comply with the requirements for accreditation listed in section 37; and
(ii)submit a report to the Agency, in the form and with the content required by the Agency, on its performance during the relevant financial year.