Housing Consumer Protection Measures Act, 1998
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 2 : Financial StabilityPart 5 : Roles of financial sector regulators and other organs of state in maintaining financial stability28. Roles of other organs of state in relation to financial stability and resolution |
[Section 28 heading substituted by section 40 and 61(c) of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 1 June 2023 per (b)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]
An organ of state, other than a financial sector regulator, must—
| (a) | in performing its functions, have regard to the implications of its activities on financial stability and the Reserve Bank’s resolution functions; |
| (b) | provide such assistance and information to the Reserve Bank and the Financial Stability Oversight Committee so as to maintain and restore financial stability as the Bank or the Committee may reasonably request; and |
| (c) | provide such assistance and information to the Reserve Bank in relation to designated institutions and its resolution functions as the Reserve Bank may reasonably request. |
[Section 28 substituted by section 40 of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 1 June 2023 per (b)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]
