Co-operative Banks Act, 2007 (Act No. 40 of 2007)Chapter VIII : Administration of Act53. Relationship with other regulatory authorities |
| (1) | The Authority may— |
| (a) | liaise with any regulatory authority on matters of common interest; |
| (b) | negotiate agreements with any regulatory authority to co-ordinate and harmonise the reporting obligations of co-operative banks; |
| (c) | participate in the proceedings of any regulatory authority; and |
| (d) | advise or receive advice from any regulatory authority. |
| (2) | A regulatory authority may negotiate agreements with the Authority as anticipated in subsection (1) and may exercise its jurisdiction by way of such an agreement. |
| (3) | The President may assign to the Authority any duty of the Republic to exchange information with a similar foreign agency in terms of an international agreement relating to the purpose of this Act. |
| (4) | The Authority may— |
| (a) | liaise with any foreign or international bodies and authorities having any objects similar to the functions and powers of the Authority; |
| (b) | participate in the activities of international bodies and authorities whose main purpose is to develop, advance and promote the sustainability of co-operative banks; and |
| (c) | may co-operate with international bodies and authorities in respect of matters relating to co-operative banks. |