Section 15, Depositories Act 1996: Act 18 of 1891 to apply to depositories

Section 15 (Act 18 of 1891 to apply to depositories) under Chapter III (Rights and Obligations of Depositories, Participants, Issuers and Beneficial Owners) of the Depositories Act 1996 ⦂‒

❝The Bankers’ Books Evidence Act, 1891 shall apply in relation to a depository as if it were a bank as defined in section 2 of that Act.❞

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Notes:

The Depositories Act 1996 was amended by the:

- Depositories Related Laws (Amendment) Act, 1997 (Act No. 08 of 1997);

- Securities Laws (Second Amendment) Act, 1999 (Act No. 32 of 1999);

- Securities Laws (Amendment) Act, 2004 (Act No. 01 of 2005);

- Securities Laws (Amendment) Act, 2014 (Act No. 27 of 2014);

- Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 (Act No. 44 of 2016);

- Finance Act, 2017 (Act No. 07 of 2017).