Statutes section 47
Section 47: Failure to keep records
In force from 2 October 2017
47. Failure to keep records
An accountable institution that fails to—
(a) keep a record of information in terms of section 22(1), or 22A(1) or (2);
(b) keep such records in accordance with section 23 or 24(1); or
(c) comply with the provisions of section 24(3),
is non-compliant and is subject to an administrative sanction.