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22 July 1988

South Africa Government Gazette Regulation Gazette dated 1988-07-22 number 11428

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  Vol. 277                                      PRETORIA, 22 {{J^y 1988                                       No. 11428

    GOEWERMENTSKENNISGEWINGS                                                     GOVERNMENT NOTICES

       DEPARTEMENT VAN FINANSIES                                              DEPARTMENT OF FINANCE
No. R. 1458                                        22 Julie 1988    No. R. 1458                                        22 July 1988
    WYSIGING VAN DEE REGULASIES KRAGTENS                            AMENDMENT OF THE REGULATIONS UNDER THE
                  DEEBANKWET, 1965                                                      BANKS ACT, 1965
   Die Minister van Finansies het kragtens artikel 50 (1) van         The Minister of Finance has under section 50 (1) of the
die Bankwet, 1965 (Wet 23 van 1965), die regulasies in die          Banks Act, 1965 (Act 23 of 1965), made the regulations
Bylae vervat, uitgevaardig.                                         contained in the Schedule.
                             BYLAE                                                         SCHEDULE
Woordomskrywing                                                     Definition
   1. In hierdie Bylae beteken “ die Regulasies” die regula­           1. In this Schedule “ the Regulations” means the regula­
sies kragtens die Bankwet, 1965, afgekondig by Goewer-              tions under the Banks Act, 1965, published under Govern­
mentskennisgewing R. 2747 van 31 Desember 1986.                     ment Notice R. 2747 of 31 December 1986.
Invoeging van DEEL VI A in die Regulasies                           Insertion o f PART VI A in the Regulations
 2. Die volgende deel word hierby in die Regulasies na                2. The following part is hereby inserted in the Regula­
DEEL VI ingevoeg:                                                   tions after PART VI:
                            “ DEEL VI A                                                      “ PART VI A
               MAKSIMUM KREDITSALDO OP                                           MAXIMUM CREDIT BALANCE ON
                      SPAARREKENING                                                    SAVINGS ACCOUNT
          17A. By die toepassing van artikel 21 (4) (a) van                 17A. For the purposes of section 21 (4) (a) of the
       die Wet is die maksimum kreditsaldo wat ’n bank-                   Act the maximum credit balance which a banking
       in stellin g ’n en k ele persoon m ag toelaat om by daar-          institution m ay allow any on e person to maintain w ith
       die bankinstelling        op     spaarrekening   te   hou,        that banking institution on savings account shall be
       R100 000.” .                                                      R100 000.” .
Inwerkingtreding                                                    Commencement
   3. Regulasie 2 tree in werking op die datum van inwer­              3. Regulation 2 shall come into operation on the date of
kingtreding van die Wysigingswet op die Suid-Afrikaanse             commencement of the South African Reserve Bank, Bank­
Reserwebank, Bankinstellings, Onderlinge Bouverenigings             ing Institutions, Mutual Building Societies and Building
en Bouverenigings, 1988 (Wet 96 van 1988).                          Societies Amendment Act, 1988 (Act 96 of 1988).
  926—A                                                                                                            11428— 1

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