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

Chapter IX : General Provisions

92. Review of Act

 

(1) The Minister shall appoint a standing committee to review this Act from time to time, and such committee shall consist of such incumbents of offices and other members as the Minister may from time to time determine.

 

(2) A member of the standing committee shall hold office for such period as the Minister may determine, and shall be eligible for reappointment on the expiration of the term of office of such a member.

[Section 92(2) substituted by section 66(a) of Act No. 19 of 2003]

 

(3) The standing committee may from time to time, through the medium of the Policy Board for Financial Services and Regulation established by section 2 of the Policy Board for Financial Services and Regulation Act, 1993 (Act No. 141 of 1993), make recommendations to the Minister with regard to amendments to this Act which, in the opinion of the committee, have become advisable owing to changed circumstances or which the administration of this Act has shown to be advisable.

[Section 92(3) substituted by section 57 of Act No. 26 of 1994]

 

(4) [Section 92(4) deleted by section 66(b) of Act No. 19 of 2003]