LML4807
Assignment 2 Semester 1 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: 05 May 2025
3 ANSWERS PROVIDED
BANKS ACT 94 OF 1990: REGISTRATION REQUIREMENTS AND EXCLUSIONS
(a) The Legal Issue That Arises from the Statement
The key legal issue stemming from the statement is whether an entity or individual that
appears to perform ―banking services‖ must register under the Banks Act 94 of 1990 (―the
Act‖), or whether that entity’s activities and structure place it outside the scope of ―the
business of a bank.‖ The statement acknowledges that an organization labeled as a ―bank‖
and engaging in what looks like deposit-taking may not in fact meet the precise legal definition
of conducting banking business under the Act. Conversely, certain practices that superficially
align with the Act’s requirements may nevertheless be exempt due to specific exclusions or
thresholds.
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply .. with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
Assignment 2 Semester 1 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: 05 May 2025
3 ANSWERS PROVIDED
BANKS ACT 94 OF 1990: REGISTRATION REQUIREMENTS AND EXCLUSIONS
(a) The Legal Issue That Arises from the Statement
The key legal issue stemming from the statement is whether an entity or individual that
appears to perform ―banking services‖ must register under the Banks Act 94 of 1990 (―the
Act‖), or whether that entity’s activities and structure place it outside the scope of ―the
business of a bank.‖ The statement acknowledges that an organization labeled as a ―bank‖
and engaging in what looks like deposit-taking may not in fact meet the precise legal definition
of conducting banking business under the Act. Conversely, certain practices that superficially
align with the Act’s requirements may nevertheless be exempt due to specific exclusions or
thresholds.
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply .. with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
