Postbank Act definition

Postbank Act. ’ means the South African Postbank Limited Act, 2010 (Act No. 9 of 2010);
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Examples of Postbank Act in a sentence

  • Furthermore, section 7 of the Postbank Act provides that from 1 April 2019, anything done by or on behalf of the former Postbank (as a division of SAPO) must be regarded as having been done by Postbank.

  • As per the determination and as of 1 April 2019, Postbank was incorporated as a separate legal entity in terms of section 6 of the South African Postbank Act 9 of 2010 (Postbank Act).

  • In accordance with section 7 of the Postbank Act, these services were duly transferred to Postbank on 1 April 2019, necessitating the designation of Postbank as a clearing participant.

  • The purpose of the Postbank Act is to provide for the incorporation of the Postbank Division of the South African Post Office; to provide for the transfer of the enterprise of that Division to the new Postbank company and to provide for the governance and functions of the Postbank.

  • Postbank Limited referred to in section [51] 3 of the [Postal Services Act, 1998 (Act No. 124 of 1998)] South African Postbank Act, 2010 (Act 9 of 2010).

  • Accordingly, the Registrar of Banks cannot be bound by the provisions of the Postbank Act and policies made in terms of the said Act.

  • It is against this background that amendments are required to the Postbank Act to adopt a minimalist approach to drafting.

  • In other words, the Postbank Act must be limited to the most fundamental features of the Postbank, namely, its transition from a Division of SAPO to a separate, stand-alone and corporatized public entity.

  • The way economic factors are of influence (e.g. Pilotage Act), the influ- ence of political factors (e.g. Postbank Act) or of the uniqueness of the domestic solution for the legal need (e.g. the bill on the law of succession) and its conse- quences for the use of comparison of law, came out clearly.

  • This is to mitigate against the abovementioned risks associated with the structure envisaged in the Postbank Act, which makes SAPO the sole owner and shareholder of the Postbank.

Related to Postbank Act

  • Bank Act means the Bank Act (Canada);

  • Dodd-Frank Act means the Dodd-Frank Wall Street Reform and Consumer Protection Act.

  • Central Bank UCITS Regulations means the Central Bank (Supervision and Enforcement)

  • Corporations Regulations means the Corporations Regulations 2001 (Cth).

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • 1990 Act means the Companies Act 1990.

  • UK Bribery Act means the Xxxxxxx Xxx 0000 of the United Kingdom, as amended, and the rules and regulations thereunder.

  • Banking Act means the UK Banking Act 2009, as amended.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Proceeds of Crime Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), as amended from time to time, and including all regulations thereunder.

  • Central Bank Rules means the UCITS Regulations, Central Bank Regulations and any regulations, guidance and conditions issued by the Central Bank from time to time pursuant to the UCITS Regulations, the Central Bank Regulations and/or the Central Bank Act regarding the regulation of undertakings for collective investment in transferable securities, as such may be amended, supplemented or replaced from time to time;

  • the data protection principles means the principles set out in Part I of Schedule 1 to that Act, as read subject to Part II of that Schedule and to section 27(1) of that Act;

  • Data Protection Legislation means the Data Protection Act 1998 and all applicable laws and regulations relating to processing of personal data and privacy, including where applicable the guidance and codes of practice issued by the Information Commissioner or relevant Government department in relation to such legislation;

  • Bribery Act means the Bribery Act 2010 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning this legislation;

  • Central Bank Regulations means the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations, 2019, as may be amended from time to time;

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • Terrorist Act means any actual or threatened use of force or violence directed at or causing damage, injury, harm or disruption, or commission of an act dangerous to human life or property, against any individual, property or government, with the stated or unstated objective of pursuing economic, ethnic, nationalistic, political, racial or religious interests, whether such interests are declared or not. Criminal acts, primarily committed for personal gain and acts arising primarily from prior personal relationships between perpetrator(s) and victim(s) shall not be considered terrorist acts. Terrorist act also includes any act, which is verified or recognised by the (relevant) Government as an act of terrorism.

  • UK Data Protection Legislation means all applicable data protection and privacy legislation in force from time to time in the UK including the UK GDPR; the Data Protection Act 2018; the Privacy and Electronic Communications Directive 2002/58/EC (as updated by Directive 2009/136/EC) and the Privacy and Electronic Communications Regulations 2003 (SI 2003/2426) as amended.

  • foreign national means the following:

  • provincial legislation means legislation contemplated in section 10 of the Act promulgated by the Province;

  • Transparency Act means the Federal Funding Accountability and Transparency Act of 2006 (Public Law 109-282), as amended by §6202 of Public Law 110-252. The Transparency Act also is referred to as FFATA.

  • Community action agency means an agency designated pursuant to section 8.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • B-BBEE Act means the Broad-Based Black Economic Empowerment Act, 2003;