|
SOUTH AFRICA: Cooperative Banks Act 2007 Enacted
An Act regulating the activities of cooperative banks in South Africa.
The Cooperative Banks Act establishes a regulatory and supervisory framework for cooperative banks in South Africa. Among the topics covered by the Act are:
- Registration
- Management
- Prudential Requirements
- Deposit Insurance
- Amalgamation, Division, and Dissolution
- Representative Bodies and Support Organizations
The Act was signed by the President in early 2008 and will go into effect on a date designated by the Minister through publication in the Gazette.
This document is available here
|
