1992-01-24
The South African Minister of Finance designated the Post Office Savings Bank as an institution exempt from specific compliance requirements of the Deposit-taking Institutions Act, 1990, governing the establishment and operation of deposit-taking businesses. Concurrently, the Registrar of Deposit-taking Institutions excluded the trade in securities and financial instruments from the statutory definition of a deposit-taking institution's business for a twelve-month period commencing 1 February 1992. This exclusion specifically covers funds obtained by stockbrokers and financial instrument principals or traders through asset sale agreements with future repurchase obligations, provided the transactions occur within their regulated securities and financial markets operations.
REPUBLIEK VAN SUID-AFRIKA REPUBLIC
OF
SOUTH AFRICA
Staatskoerant
Government Gazette
RO,80 Prys· Price RO,08 Plus 10% BlW' VAT RO,88 Verkoopprys· Selling price Builelands R1,10 Other countries Posvry • Post free Vol. 319 24 JANUARIE JANUARY 1992 No. 13744 GOEWERMENTSKENNISGEWINGS DEPARTEMENT VAN FINANSIES No. 334 24 Januarie 1992 WET OP DEPOSITONEMENDE INSTELLINGS, 1990 MNWYSING VAN 'N INSTELLING WAAROP SEKERE BEPALINGS VAN DIE WETOP DEPOSITONEMENDE INSTELLINGS, 1990, NIE VAN TOEPASSING IS NIE (POSSPMRBANK) Kragtens artikel 2 (vii) van die Wet op Depositonemende Instellings, 1990 (Wet No. 94 van 1990), wys ek, Barend Jacobus du Plessis, Minister van Finansies, hierby die Posspaarbank ingestel by artikel 52 van diy Poswet, 1958 (Wet No. 44 van 1958), aan as 'n instelling waarop die bepalings van die Wet op Depositonemende Instellings, 1990, vir sover dit vereistes stel waaraan enige instelling moetvoldoen (a) alvorens dit die bedryf van 'n depositonemende instelling mag uitoefen; of (b) by die wettige uitoefening van die bedryf van 'n depositonemende instelling, nie van toepassing is nie. B. J. DU PLESSIS, Minister van Finansies. SUID-AFRIKAANSE RESERWEBANK No. 333 24 Januarie 1992 WET OP DEPOSITONEMENDE INSTELLINGS, 1990 MNWYSIGING VAN 'N BEDRYWIGHEID WAT NIE BINNE DIE BETEKENIS VAN "DIE BEDRYF VAN 'N DEPOSITONEMENDE INSTELLING" VAL NIE (HANDEL IN EFFEKTE EN FINANSIELE INSTRUMENTE) Kragtens paragraaf (cc) van die omskrywing van "die bedryf van 'n depositonemende instelling" in artikel 1 van die Wet op Depositonemende Instellings, 119-A GOVERNMENT NOTICES DEPARTMENTOFANANCE No. 334 24 January 1992 DEPOSIT-TAKING INSTITUTIONS ACT, 1990 DESIGNATION OF AN INSTITUTION TO WHICH CERTAIN PROVISIONS OF THE DEPOSIT-TAKING INSTITUTIONS ACT, 1990, SHALL NOT APPLY (POST OFFICE SAVINGS BANK) Under section 2 (vii) of the Deposit-taking Institutions Act, 1990 (Act No. 94 of 1990), I, Barend Jacobus du Plessis, Minister of Finance, hereby designate the Post Office Savings Bank established by section 52 of the Post Office Act, 1958 (Act No. 44 of 1958), as an institution to which the provisions of the Deposit-taking Institution Act, 1990, in so far as they impose requirements with which any institution must comply (a) before it may carry on the business of a deposittaking iKl~~tutiqn; or (b) in ;the lawful carrying on of the business of a deposit-taking institution, shall not apply. B. J. DU PLESSIS, Minister of Finance. SOUTH AFRICAN RESERVE BANK No. 333 24 January 1992 DEPOSIT-TAKING INSTITUTIONS ACT, 1990 DESIGNATION OF AN ACTIVITY NOT FALLING WITHIN THE MEANING OF "THE BUSINESS OF A DEPOSIT-TAKING INSTITUTION" (TRADE IN SECU~ RITIES AND FINANCIAL INSTRUMENTS) Under paragraph (cc) of the definition of "the business of a deposit-taking institution" in section 1 of the Deposit-taking Institutions Act, 1990 (Act No. 94 of 13744-1 Reproduced by Sabinet Online in terms of Government Printer’s Copyright Authority No. 10505 dated 02 February 1998
2 No. 13744 STAATSKOERANT, 24JANUARIE 1992 1990 (Wet No. 94 van 1990), wys ek, Jan Hendrik van Greuning, Registrateur van Depositonemende Instellings, met die goedkeuring van die Minister van Finansies en vir 'n tydperk van 12 maande met ingang van 1 Februarie 1992, hierby die bedrywigheid uiteengesit in die Bylae aan as 'n bedrywigheid wat nie binne die betekenins van "die bedryf van 'n depositonemende instelling" val nie. J. H. VAN GREUNING,
Registrateur van Depositonemende Instellings.
BYLAE Die verkryging van geld deur (a) 'n effektemakelaar soos omskryf in artikel 1 van die Wet op Beheer van Effektebeurse, 1985 (Wet No. 1 van 1985); of (b) 'n finansiele instrument-prinsipaal soos omskryf in artikel 1 van die Wet op Beheer van Finansiele Markte, 1989 (Wet No. 55 van 1989), of 'n finansiele instrumenthandelaar SODS aldus omskryf, deur die verkoop van 'n bate aan enige persoon, onderworpe aan 'n ooreenkoms ingevolge waarvan sodanige effektemakelaar, finansiele instrument-prinsipaal of finansiele instrument-handelaar, na gelang van die geval, onderneem om op 'n toekomstige datum' die bate aldus verkoop of enige ander bate van die koper te koop, mits die geld aid us verkry word in die loop en vir die doeleindes van die dryf van die besigheid (i) in die geval van sodanige effektemakelaar, van die koop en verkoop van effekte SODS omskryf in artikel 1 van die Wet op Beheer van Effektebeurse, 1985; of (ii) in die geval van sodanige finansiele instrumentprinsipaal of finansiele instrument-handelaar, van die koop en verkoop van genoteerde finansiele instrumente soos omskryf in artikel 1 van die Wet op Beheer van Finansiele Markte, 1989, of van ongenoteerde finansiele instrumente bedoel in artikel 4 (2) (a) van laasgenoemde Wet. INHOUD 81adsy Koerant No. No. No. GOEWERMENTSKENNISGEWINGS Finansies, Departement van Goewermentskennisgewing 334 Wet op Depositonemende Instellings (94/1990): Aanwysing van 'n instelling waarop sekere bepalings van die Wet op Deposltonemende Instellings, 1990, nie van toepassing is nle (Posspaarbank) ..... 13744 Suid-Afrikaanse Reserwebank Goewermentskennisgewing 333 Wet op Depositonemende Instellings (94/1990): Aanwyslng van 'n bedrywlgheid wat nie binne die betekenis van "die bedryf van 'n depositonemende instelling" val nie (handel in effekte en finansiele instrumente) ................................... . 13744 1990), I, Jan Hendrik van Greuning, Registrar of Deposit-taking Institutions, hereby designate, with the approval of the Minister of Finance and for a period of 12 months as from 1 February 1992, the activity set out in the Schedule as an activity which does not fall within the meaning of "the business of a depOSit-taking institution". J. H. VAN GREUNING,
Registrar of Deposit-taking Institution.
SCHEDULE The obtaining of money by (a) a stock-broker as defined in section 1 of the Stock Exchanges Control Act, 1985 (Act No. 1 of 1985); or (b) a financial instrument principal as defined in section 1 of the Financial Markets Control Act, 1989 (Act No. 55 of 1989), or a financial instrument trader as so defined, through the sale of an asset to any person, subject to
an agreement in terms of which such stock-broker,
financial instrument principal or financial instrument
trader, as the case may be, undertakes to purchase
from the buyer at a future date the asset so sold or any
other asset, provided the money is so obtained in the
. course and for the purposes of the carrying on of the
business (i) in the case of such stock-broker, of buying and selling securities as defined in section 1 of the Stock Exchanges Control Act, 1985; or (ii) in the case of such financial instrument principal or financial instrument trader, of buying and selling listed financial instruments as defined in section 1 of the Financial Markets Control Act, 1989, or of unlisted financial instruments referred to in section 4 (2) (a) of the lastmentioned Act. CONTENTS Page Gazette No. No. No. GOVERNMENT NOTICES Finance, Department of Government Notice 334 Deposit-taking Institutions Act (94/1990): Designation of an institution to which certain provisions of the Deposit-taking Institutions Act, 1990, shall not apply (Post Office Savings Bank) .............................. . 13744 South African Reserve Bank Government Notice 333 Deposit-taking Institutions Act (94/1990): DeSignation of an activity not falling within the meaning of "the business of a deposit-taking institution" (trade in securities and financial instruments) ...... " .• 1.3744 Gedruk deur en verkrygbaar by die StaatSdrukker, Bosmanstraat, Printed by and obtainable from the Government Printer, Bosman Street, Privaat Sak X85, Pretoria, 0001. Tel. 323-9731 x 263,267 of 269 Private Bag X85, Pretoria, 0001. Tel. 323-9731 x 263, 267 or ·269 13744-1 Reproduced by Sabinet Online in terms of Government Printer’s Copyright Authority No. 10505 dated 02 February 1998