Statistics Act, 1999
R 385
Banks Act, 1990 (Act No. 94 of 1990)RegulationsRegulations relating to Banks' Financial Instrument TradingChapter 3 : Capital10. Capital-adequacy requirement returns |
| (1) | Unaudited current-year profits or losses, in accordance with the form DI 200 submitted, shall be verified by a bank's external auditors on a six-monthly basis, in the case of a bank— |
| (a) | registered in terms of the Banks Act, in terms of regulation 6 of the Regulations relating to Banks |
| (b) | registered in terms of the Mutual Banks Act, in terms of regulation 6 of the Regulations relating to Mutual Banks. |
| (2) | Subject to the provisions of regulation 11(4)(a), a bank shall be able to convert its trading assets into cash within a three-month period at all times. |
