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Banks Act, 1990 (Act No. 94 of 1990)

Notices

Designation of an Activity not Falling within the meaning of "The Business of a Bank"

Exemption Notice relating to Securitisation Schemes

3. Interpretation

 

1) In this Schedule, the provisions of the subparagraphs under the headings of "General" provide general commentary and descriptions and-
a) shall be ignored in so far as the provisions of the said subparagraphs are in conflict with the specific provisions of the remainder of the Schedule;
b) shall not be regarded as imposing additional obligations on any of the parties involved in a traditional or synthetic securitisation scheme.

 

 


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