Parliament of South Africa - Banks Act, No. 94 of 1990 as Amended up to June 29, 2015

The Parliament of South Africa's Banks Act, No. 94 of 1990 aims to maintain economic stability and preserve the integrity and confidence in the banking system of South Africa, as well as the financial system as a whole. The act provides for the supervision and regulation of public companies desiring to conduct the business of a bank through such measures as the registration of such companies and prudential requirements, including minimum capital and reserve funds, as well as minimum share capital. The act is divided into several chapters, and sets forth provisions on the following topics:

1. Administration of Act
2. Authorization to Establish, Registration and Cancelation of Registration of Banks
3. Functioning of Banks and Controlling Companies with Reference to Companies Act
4. Provisions Relating to Aspects of the Conduct of the Business of A Bank
5. Control of Certain Activities of Unregistered Persons

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
2015
Date of Document: 
Monday, June 29, 2015
Document Authors: 
Parliament of South Africa

Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. The law is subject to change and no representation or warranty is made with regard to accuracy or fitness for a particular purpose.