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Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Chapter VII : Support Organisations

39. Requirements for continued accreditation

 

In order to retain its accreditation, an accredited support organisation must—

(a) at least twice a year, submit performance reports to each co-operative bank it represents; and
(b) annually within three months of the end of its financial year—
(i) satisfy the Agency that it continues to comply with the requirements for accreditation listed in section 37; and
(ii) submit a report to the Agency, in the form and with the content required by the Agency, on its performance during the relevant financial year.