Clause 185 - Commencement and amendment of Act 38 of 2006- Insertion of new section 34A- Power of the Bank transitioned to Public Debt Management Agency.
Finance Bill, 2015 Chapter IX PART XI AMENDMENTS TO THE GOVERNMENT SECURITIES ACT, 2006
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Power transition to Public Debt Management Agency: Bank's directions under the Act are repealed and prior actions preserved. The amendment substitutes the Bank with the Public Debt Management Agency for all references in the Government Securities Act, effecting an institutional ... Summary
Power transition to Public Debt Management Agency: Bank's directions under the Act are repealed and prior actions preserved.
The amendment substitutes the Bank with the Public Debt Management Agency for all references in the Government Securities Act, effecting an institutional transfer of functions, declares all prior directions issued by the Bank under the Act to be repealed on commencement, and expressly validates and continues as lawful all actions taken by persons under those former directions; commencement is by government notification with possible staggered dates.
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