[Section 30 heading substituted by section 290, item 15 in Schedule 4, of Act No. 9 of 2017]
(1) |
The Authority shall publish a notice in the Gazette and shall keep a record of— |
(i) |
registration of an institution as a bank or a controlling company; |
(ii) |
authorisation granted to conduct the business of a bank by means of a branch; or |
(iii) |
consent granted for the establishment of a representative office by a foreign institution; |
(i) |
cancellation or suspension of the registration of a bank or controlling company; |
(ii) |
withdrawal of the authorisation to conduct the business of a bank by means of a branch; or |
(iii) |
withdrawal of consent to conduct the business of a representative office by a foreign institution or the closure of such representative office; |
(c) |
restriction on the activities of a bank, controlling company or branch; |
(d) |
change of name of a bank, controlling company, branch or representative office of a foreign institution; |
(e) |
permission granted in respect of the amalgamation, merger or arrangement referred to in Chapter 5 of the Companies Act, where a bank is the principal party to such amalgamation, merger or arrangement; |
[Section (1)(e) substituted by section 16 of Act No. 22 of 2013]
(f) |
permission granted to an arrangement for the transfer of more than 25 per cent of the assets, liabilities or assets and liabilities of a bank to another person; or |
(g) |
approval granted in respect of an eligible institution, |
which is effected or which takes place under this Act.
(2) |
The Authority shall keep a record of every— |
(a) |
approval granted to a bank or a controlling company to establish or acquire a subsidiary within or outside the Republic; |
(b) |
approval granted to a bank to establish or acquire a branch of a bank; |
(c) |
approval granted to a bank or a controlling company to acquire an interest in any undertaking having its registered office or principal place of business outside the Republic; |
(d) |
approval granted to a bank or a controlling company to create or acquire a trust outside the Republic of which the bank is a major beneficiary; |
(e) |
approval granted to a bank or a controlling company to establish or acquire any financial or other business undertaking under its direct or indirect control; or |
(f) |
approval granted to a bank to establish or acquire a representative office outside the Republic, |
which is effected or which takes place under this Act.