Examples of Currency Union in a sentence
Subsection 3 of section 3 outlines the circumstances where an investment fund will be deemed to be carrying on business “in” the Currency Union and “from within” the Currency Union.
In section 13 the Investment Funds Regulations will make provisions for matters related to the registration of foreign funds, including, the publication of fund particulars, notifications to be provided to the Commission and the maintenance of deposits and property by the fund, in the Currency Union.
Sections 18 and 19 provide the requirements where an investment fund transfers its operations into or intends to operate from within the Currency Union.
With respect to the sugar industry, SADC has agreed on a system of quotas to provide nonreciprocal duty-free market access into the Southern African Currency Union (SACU).
If, subsequent to granting an investment fund administrator’s licence, the Commission discovers that the investment fund administrator is carrying on business as an investment fund administrator in or from within the Currency Union using a name that, in the opinion of the Commission, it would have refused by virtue of subsection (1), the Commission may direct the investment fund administrator to change its name to a name approved by the Commission.