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Banks Act, 1990 (Act No. 94 of 1990)

Regulations

Regulations relating to Banks

Chapter II : Financial, Risk-based and other related Returns and Instructions, Directives and Interpretations relating to the completion thereof

7. Forms prescribed: financial, risk-based and other related returns to be submitted to the Authority with indication of institution by which, intervals at which and period within which returns shall be submitted

[Regulation 7 heading substituted by section 2 of Notice 5802, GG52013, dated 31 January 2025,  shall come into operation on 1 February 2025]

 

A bank, controlling company, branch, branch of a bank or any other relevant person, entity or institution regulated or supervised by the Authority shall submit to the Authority such financial, risk-based, and other related returns as may be determined or directed in writing by the Authority, in accordance with such requirements as may be determined or directed in writing by the Authority.

[Regulation 7 substituted by section 2 of Notice 5802, GG52013, dated 31 January 2025,  shall come into operation on 1 February 2025]

 

N724 List of forms

 

1 Means the supervision of the South African operations of a bank incorporated in the Republic.

 

2 Means a bank conducting business as such outside the Republic, through the medium of a branch of a bank.

 

3 Means the supervision of a bank on a legal entity basis, that is, the combination of information of the relevant bank in the Republic and its relevant branches.

 

4 Means a bank or other entity conducting the business of a bank, which bank or entity is not located or incorporated in the Republic but is controlled by a bank or controlling company that is incorporated in the Republic, but does not include any branch of a bank.

 

5 Means any regulated or unregulated non-bank entity controlled by a bank or controlling company incorporated in the Republic.

 

6 Means the supervision on a consolidated basis of a bank incorporated in the Republic and its relevant branches, subsidiaries and associates, as envisaged in regulation 36.

 

7 Means the supervision on a sub-consolidated basis of a bank or controlling company and its relevant branches, subsidiaries and associates when the said bank or controlling company is a subsidiary of another bank or controlling company subject to the relevant requirements for consolidated supervision specified in these Regulations.

 

8 Means the supervision on a consolidated basis of a bank controlling company incorporated in the Republic and its relevant subsidiaries and associates, as envisaged in regulation 36.

 

9 Forms BA 099 and BA 099A are not prescribed financial returns, but shall be used as a control sheet and to furnish the required declarations regarding compliance and the maintenance of prescribed minimum balances.

 

10 The prescribed statements and returns shall be submitted within the periods specified below.
(a) Before 09:00 am on the second business day immediately following on the day to which the prescribed statement or return relates.
(b) Within 15 business days immediately following on the month-end or quarter-end to which the prescribed statement or return relates.
(c) Within 20 business days immediately following on the month-end or quarter-end to which the prescribed statement or return relates.
(d) Within 30 business days immediately following on the month-end or quarter-end to which the prescribed statement or return relates.
(e) Within 20 business days immediately following on the sixth month of the financial year or the date to which the annual financial statements relate.
(f) Within 30 days of 31 December of each year.
(g) Within 90 days immediately following on the date to which the annual financial statements relate.
(h) Within 60 days immediately following on the sixth month of the financial year and within 90 days immediately following on the date to which the annual financial statements relate.
(i) Within 20 business days of 30 June and 31 December of each year.

 

(Note: As an example, a reference to 10c; 10h in respect of a specific prescribed return means two independent submissions in respect of the specified return, interval and period.)

 

[Regulation 7 substituted by section 3 of Notice No. 724, GG44003, dated 18 December 2020 - effective 1 January 2021]