After 1990, new act stipulates commercial activities and business outsourcing activities of all banks in South Africa.
According to section 6(5) of the Banks Act, 1990, the Office of the Registrar of Banks under South Africa Reserve Bank issued the Guidance Note 5/2014 (Outsourcing Guidance), which stipulates commercial activities and business outsourcing activities of all banks in South Africa, including controlling companies and branches of foreign banks, compliance institutions and audit institutions.