Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Regulations

Purchase

11.1	A co-operative bank must keep and preserve its records and information submitted to the supervisor in a manner that prevents the loss, destruction or falsification thereof.

11.2	Each supervisor must establish and maintain an official website that reflects banking details, contact details and other essential services.

11.3	All fees and penalties payable under the Act or these regulations may be paid by cheque or electronic transfer to the account of the relevant supervisor.