Co-operative Banks Act, 2007 (Act No. 40 of 2007)Chapter VIII : Administration of Act46. Power to make standards |
[Section 46 heading substituted by section 290, item 11 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]
| (1) | A prudential, conduct or joint standard for or in respect of co-operative financial institutions and co-operative banks may be made on any of the following matters— |
| (a) | Any matter that is required or permitted to be prescribed in terms of this Act; and |
| (b) | any other matter for the better implementation of this Act or a function or power provided for in this Act. |
| (2) | Standards referred to in subsection (1) may— |
| (a) | apply to co-operative banks or co-operative financial institutions generally; or |
| (b) | be limited in application to a particular co-operative bank or co-operative financial institution or kind of co-operative bank or co-operative financial institution, which may be defined in relation to either a type or budgetary size of co-operative bank or co-operative financial institution or to any other matter. |
[Section 46 substituted by section 290, item 11 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]