|
Back to Index
Deposit
Protection Corporation Act (Chapter 24:29), Act 7/2011
Parliament
of Zimbabwe
March 16, 2012
Download
this legislation
- Word
97 version (183KB)
- Acrobat
PDF version (233KB)
If you do not have the free Acrobat reader on your
computer, download it from the Adobe website by clicking
here.
Act as gazetted
16th March 2012 – not including amendments made by Act
9/2011
DEPOSIT
PROTECTION CORPORATION ACT [CHAPTER 24:29],
Act 7/2011
ACT
To
establish a Deposit Protection Corporation and to provide for its
management, functions and powers; to establish a Deposit Protection
Fund for the compensation of depositors in the event of financial
institutions becoming insolvent, and to provide for the administration
and application of the Fund; to amend the Banking Act [Chapter 24:20];
and to provide for matters connected with or incidental to the foregoing.
ENACTED by the
President and the Parliament of Zimbabwe
1 Short
title
This Act may
be cited as the Deposit Protection Corporation Act [Chapter 24:29].
2 Interpretation
In this Act-
"appropriate
registering agency", in relation to-
(a) a banking
institution, means the Registrar of Banking Institutions referred
to in section 4(1) of the Banking Act [Chapter 24:20];
(b) a building
society, means the Registrar of Building Societies appointed in
terms of section 5 of the Building Societies Act [Chapter 24:02];
(c) a contributory
institution, other than a banking institution or a building society,
which is required to be registered under any enactment, means the
person who is responsible for registering that institution under
the enactment concerned;
"appropriate
supervisory agency", in relation to-
(a) a banking
institution or financial institution to which Part IX of the Banking
Act [Chapter 24:20] applies, means the Reserve Bank;
Download
the full document
Please credit www.kubatana.net if you make use of material from this website.
This work is licensed under a Creative Commons License unless stated otherwise.
TOP
|
