Examples of Mutual Banks Act in a sentence
A mutual bank as defined in the Mutual Banks Act, 1993 (Act 124 of 1993).
All money received by the Authority must be deposited in a banking account in the name of the Authority with a bank established under the Banks Act, 1990 (Act 94 of 1990), or a mutual bank established under the Mutual Banks Act, 1993 (Act 124 of 1993).
A mutual bank as defined in the Mutual Banks Act, 1993 (Act No. 124 of 1993).
Finbond applies to the South African Reserve Bank to establish and register a mutual bank in terms of the Mutual Banks Act No. 124 of 1993 in order to provide clients with a full range of low-cost banking services through its existing branch infrastructure.
A credit balance in an account with, or a deposit, including a negotiable deposit and a bill, accepted by, an institution finally registered under the Banks Act, 1990 (ActNo. 94 of 1990), or the Mutual Banks Act, 1993 (Act No. 124 of 1993).
Registered banks refer to any bank registered in terms of the Banks Act 94 of 1990, a cooperative bank registered in terms of the Cooperative Banks Act 40 of 2007 or a mutual bank registered in terms of the Mutual Banks Act 124 of 1993.
Mutual Banks are registered in terms of the Mutual Banks Act (not the Banks Act).
This section highlights some of the primary pieces of legislation governing the sector.The Banks Act of 1990 (or the Mutual Banks Act of 1993, or Co-operative Banks Act of 200712) sets out the financial and governance requirements for acquiring and operating a banking license.13 The Registrar of Banks at the South African Reserve Bank issues banking license.The capital holdings for banks are governed within the Basel Capital Accord.
All money received by the Authority must be deposited in a banking account in the name of the Authority with a bank established under the Banks Act, 1990 (Act No. 94 of 1990), or a mutual bank established under the Mutual Banks Act, 1993 (Act No. 124 of 1993).
Prepared and/or caused to be prepared the returns referred to in Sections 53(1) and 53(3) of the Mutual Banks Act as read with the Regulations.