Superior Courts Act, 2013
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 12 : Financial Conglomerates164. Standards for financial conglomerates |
| (1) | The power of the Prudential Authority to make prudential standards extends to making prudential standards that must be complied with by holding companies of financial conglomerates. |
| (2) | In addition to the matters referred to in sections 105 and 108, a prudential standard contemplated in subsection (1) may include requirements with respect to— |
| (a) | financial or other exposures of companies within financial conglomerates; |
| (b) | the governance and management arrangements for holding companies of financial conglomerates; |
| (c) | reporting of information about companies within financial conglomerates that are not financial institutions; and |
| (d) | reducing or managing risks to the safety and soundness of an eligible financial institution arising from the other members of the financial conglomerate. |
| (3) | The power of the Financial Sector Conduct Authority to make conduct standards extends to making such standards to be complied with by holding companies of financial conglomerates. |
[Section 164 came into effect on 1 March 2019 by section (f) of Notice No. 169 of 2018, GG 41549, dated 29 March 2018]
