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

Chapter 3 : Prudential Authority

Part 1 : Establishment, objective and functions

33. Objective

 

The objective of the Prudential Authority is to—

(a) promote and enhance the safety and soundness of financial institutions that provide financial products and securities services;
(b) promote and enhance the safety and soundness of market infrastructures;
(c) protect financial customers against the risk that those financial institutions may fail to meet their obligations; and
(d) assist in maintaining financial stability.

 

 


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