Contingency Fees Act, 1997
R 385.00
Banks Act, 1990 (Act No. 94 of 1990)RegulationsRegulations relating to Banks' Financial Instrument TradingChapter 2 : General2. Capital |
| (1) | Subordinated debt qualifying as secondary capital for purposes of a bank's trading activities may not exceed 50 per cent of the primary capital allocated for trading activities. |
| (2) | Secondary capital used to meet the trading book requirements of a bank may not exceed 100 per cent of the primary capital allocated for trading activities. |
| (3) | The total amount of secondary and tertiary capital may not exceed the amount of primary capital allocated for trading purposes, except with the prior written approval of the Registrar, in which event the total amount of secondary and tertiary capital may not exceed 250 per cent of the primary capital allocated for trading purposes. |
| (4) | Tertiary capital may be used only to cover the capital requirements for market risk, including foreign-exchange risk and commodities risk. |
