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

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Monday, June 29, 2015
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Parliament of South Africa
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