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Financial Institutions (Protection of Funds) Act, 2001 (Act No. 28 of 2001)

 

 

Notice No. 1238

23 November 2001

 

(English text signed by the President.)

(Assented to 12 November 2001.)

 

It is hereby notified that the President has assented to the following Act, which is hereby published for general information:–

 

To provide for, and consolidate the laws relating to, the investment, safe custody and administration of funds and trust property by financial institutions; to enable the registrar to protect such funds and trust property; to repeal the Financial Institutions (Investment of Funds) Act, 1984 (Act No . 39 of 1984); to improve the enforcement powers of the registrar; and to provide for matters incidental thereto.

 

BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:-