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South Africa
NATIONAL LEGISLATION OVERVIEWS
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South African Reserve Bank Amendment Act, No. 2 of 1996

Long title

To amend the South African Reserve Bank Act, 1989, so as to replace, insert or delete certain definitions; to redetermine the primary objective of the South African Reserve Bank; to further regulate the appointment of certain directors of the Bank; to replace or delete certain obsolete expressions and provisions; to supplement the powers of the Bank in respect of transactions in certain financial instruments; to prescribe corrective steps in the event of the acquisition of shares in the Bank in excess of the permissible maximum shareholding; and to extend the provisions regarding an offence in connection with gold coins; and to provide for matters connected therewith.

Table of contents

SECTION TITLE
1. Amendment of section 1 of Act 90 of 1989...
2. Substitution of section 3 of Act 90 of 1989
3. Amendment of section 4 of Act 90 of 1989...
4. Amendment of section 6 of Act 90 of 1989...
5. Amendment of section 10 of Act 90 of 1989...
6. Amendment of section 11 of Act 90 of 1989...
7. Substitution of section 12 of Act 90 of 1989...
8. Amendment of section 22 of Act 90 of 1989...
9. Amendment of section 23 of Act 90 of 1989
10. Amendment of section 34 of Act 90 of 1989
11. Repeal of section 39 of Act 90 of 1989
12. Short title

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