Regulatory Alerts2009-01-09
Co-operatives Banks Act Supervisors' Rules
The National Treasury of South Africa issued Government Notice No. 5 to formally promulgate the Supervisors' Rules under the Co-operatives Banks Act of 2007. These rules define the statutory powers, duties, and operational procedures for supervisors responsible for overseeing co-operative banking institutions. Published in the Government Gazette on 12 January 2010, the notice establishes the binding regulatory framework for supervisory examinations, reporting, and enforcement actions within the co-operative banking sector.
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