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Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)

Chapter 17 : Miscellaneous

Part 1 : Information sharing and reporting

253. Reporting to financial sector regulators

 

(1) A person may report to a financial sector regulator
(a) financial difficulties or suspected financial difficulties in a financial institution;
(b) a contravention or suspected contravention of a financial sector law in relation to a financial institution; or
(c) the involvement or the suspected involvement of a financial institution in financial crime.

 

(2) Unless the report was made in bad faith, a person who makes a report in terms of subsection (1) is not—
(a) criminally liable for making the report; or
(b) liable to pay compensation or damages to any person in relation to a loss caused by the report.

 

 


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