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

Chapter 17 : Miscellaneous

Part 3 : Offences and penalties

275. False assertion of connection with financial sector regulator

 

A person who, without the consent of the financial sector regulator, applies to a company, body, business or undertaking a name or description that reasonably signifies or implies some connection between the company, body, business or undertaking and a financial sector regulator commits an offence and is liable on conviction to a fine not exceeding R5 000 000.