Examples of Registrar of Banks in a sentence
Citibank, N.A. (Registration number 1995/007396/10) was authorized by the Office of the Registrar of Banks at the South African Reserve Bank (SARB) to conduct the business of a bank by means of a branch in South Africa in July 1995.
For so long as the applicable Capital Regulations so provide, any redemption of Tier 2 Notes prior to the applicable Maturity Date(s) (including but not limited early redemption for tax reasons) will require the prior written approval of, and must be in accordance with the Additional Conditions (if any) approved by, the Registrar of Banks.
For the avoidance of doubt and notwithstanding anything to the contrary in the Conditions, no lawful actions of whatsoever nature taken by the Issuer in accordance with, and/or to give effect to, the Capital Regulations and any other Applicable Law, regulation or guidance note issued by the Registrar of Banks and/or instructions received from the Registrar of Banks (the “ Write Off Parameters”), will amount to a breach under the Tier 2 Notes and/or constitute an Event of Default under the Conditions.
The warranty shall not extend to possible defects due to external circumstances, which can not be in - fluenced by genua.
Capital Notes The issue of Capital Notes requires the prior written approval of the Registrar of Banks in terms of section 79(1)(b) of the Banks Act.
It is obligatory for banks to comply with such directives.The Banks Act and Regulations Relating to Banks, circulars, directives and guidance notes issued by the Registrar of Banks set out the framework governing the formal relationship between South African banks and the Bank Supervision Department of the SARB.
The Bank and representatives of the office of the Registrar of Banks meet on a regular basis.
Meetings, updates, trends and strategies are reported to the Registrar of Banks on a regular basis.
The terms and conditions of the Tranches of Tier 2 Notes issued under this Programme accordingly provide for the write off of Tier 2 Notes (or a Relevant Part thereof) at the discretion of the Registrar of Banks upon the occurrence of a Trigger Event (see Condition 6.5 (Write off of Tier 2 Notes upon a Trigger Event) (as inserted by paragraph 5 of Annexure C to this Applicable Pricing Supplement)).
To the extent that any Tier 2 instruments are issued prior to the commencement of the SLAR, such Tier 2 instruments will have to contractually provide for write off or Conversion (at the discretion of the Registrar of Banks at the occurrence of a Trigger Event, as write off and Conversion are understood and applied in terms of the regulatory framework applicable at the time of the issuance of such Tier 2 instruments) in order to qualify as Tier 2 Capital.