South Africa - 2015 - Economy

Banks Amendment Act, 2015

Ministry of Finance, South Africa

This is an Act that amends the Banks Act, 1990 to enable the application of the provisions on arrangements and compromises in the Companies Act, 2008, to banks under curatorship, to expand the basis on which a curator may dispose of all or part of the business of a bank to enable an effective resolution of a bank under curatorship and to provide for the application of the Promotion of Administrative Justice Act, 2000, to any administrative action taken in terms of the Banks Act.

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Banks Amendment Act, 2015 Current Version

January 2022

This is an Act that amends the Banks Act, 1990 to enable the application of the provisions on arrangements and compromises in the Companies Act, 2008, to banks under curatorship, to expand the basis on which a curator may dispose of all or part of the business of a bank to enable an effective resolution of a bank under curatorship and to provide for the application of the Promotion of Administrative Justice Act, 2000, to any administrative action taken in terms of the Banks Act.

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