Section 102

102. (1) Mo go swetseng ka ga go dira sediriswa sa bolaodi, modiri o tshwanetse go ela tlhoko ditlhagiso tsotlhe tse di amogetsweng ka nako ya go ya bokhutlong gap aka e e kailweng mo karolotlaleletsong 98(2) kgotsa 100(2) le dipuisano dingwe le dingwe tsa Palamente.

(2) Sediriswa sa bolaodi se tshwanetse go phasalatswa mo Rejisetareng fa se sena go dirwa.

(3) Sediriswa sa bolaodi se tsena mo tirisong—

(a) ka letlha le sediriswa si phasaladitsweng mo Rejisetareng ka lona, kgotsa

(b) fa sediriswa se tlamela gore se tsenngwa mo tirisong mo letlheng le le kwa moragnyana, ka letlha le le kwa moragonyana.

Thomelo ya didiriswa tsa bolaodi kwa Palamenteng

103. (1) Pele go dirwa sediriswa sa bolaodi go ya ka karolo 98 kgotsa 99, modiri wa sediriswa sa bolaodi o tshwanetse go romela sediriswa sa bolaodi kwa Palamenteng, mo matsatsing a le 30 fa Palamente e kokoane, mmogo le—

(a) makwalo a a kailweng mo karolong 98(1)(a); le

(b) pegelo ka ga kgato ya therisano e e kailweng mo karolong 104.

(2) Pele go dirwa sediriswa sa bolaodi go ya ka karolo 100, modiri wa sediriswa sa bolaodi o tshwanetse go romelela Palamente, e kokoane kgotsa e sa kokoana, makwalo a a kailweng mo karolong 100(1)(a) mo matsatsing a le supa (paka e e tsamaelanang mmogo le matsatsi a le supa a a kailweng mo karolong 100(2)).

Dipegelo ka ga kgato tsa therisano

104. (1) Ka sediriswa sengwe le sengwe sa bolaodi, modiri o tshwanetse go phasalatsa pegelo ya kgato ya ditherisano.

(2) Pegelo ya ditherisano e tshwanetse go akaretsa—

(a) karabelo ka kakaretso ya merero e e tlhagisitsweng mo ditlhagisong tse di dirilweng ka nako ya ditherisano; le

(b) tsibogelo go merero e e tlhagisitsweng mo ditlhagisong.

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(3) If the maker did not comply with section 98 or 99 for the reason stated in section 100, the consultation report must be published 30 days after the instrument was made and the report must include a statement of the reasons why the delay involved in complying, or complying fully, with sections 98 and 99 was considered likely to lead to prejudice to financial customers or harm to the financial system, or defeat the object of the regulatory instrument.

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## Part 2

## Standards

## Prudential standards

105. (1) The Prudential Authority may make prudential standards for, or in respect of—

(a) financial institutions that provide financial products or securities services;

(b) financial institutions that are market infrastructures; and

(c) key persons of such financial institutions.

(2) A prudential standard must be aimed at one or more of the following: 15

(a) Ensuring the safety and soundness of those financial institutions;

(b) reducing the risk that those financial institutions and key persons engage in conduct that amounts to, or contributes to, financial crime; and

(c) assisting in maintaining financial stability.

(3) Without limiting subsection (1), a prudential standard may be made on any of the following matters:

(a) Financial soundness requirements, including requirements in relation to capital adequacy, minimum liquidity and minimum asset quality;

(b) matters on which a regulatory instrument may be made by the Prudential Authority in terms of a specific financial sector law; 25

(c) matters that may in terms of any other provision of this Act be regulated by prudential standards, including matters as contemplated in section 30; and

(d) any other matter that is appropriate and necessary for achieving any of the aims set out in subsection (2).

## Conduct standards

30

106. (1) The Financial Sector Conduct Authority may make conduct standards for or in respect of—

(a) financial institutions;

(b) representatives of financial institutions;

(c) key persons of financial institutions; and 35

(d) contractors.

(2) A conduct standard must be aimed at one or more of the following:

(a) Ensuring the efficiency and integrity of financial markets;

(b) ensuring that financial institutions and representatives treat financial customers fairly; 40

(c) ensuring that financial education programs, or other activities promoting financial literacy are appropriate;

(d) reducing the risk that financial institutions, representatives, key persons and contractors engage in conduct that is or contributes to financial crime; and

(e) assisting in maintaining financial stability. 45

(3) Without limiting subsections (1) and (2), a conduct standard may be made on any of the following matters:

(a) Efficiency and integrity requirements for financial markets;

(b) measures to combat abusive practices;

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(3) Fa modiri a sa ikamanya le karolo 98 kgotsa 99 ka mabaka a a tlhalositsweng mo karolong 100, pegelo ya ditherisano e tshwanetse go phasalatswa mo matsatsing a la 30 morago ga go dirwa ga sediriswa e bile pegelo e tshwanetse go akaretsa polelo ya mabaka a gore goreng go diega mo go ikamanyeng, kgotsa go ikamanyeng ka botlalo, le dikarolo 98 le 99 go tseetswe gore go ka isa kwa kgobelelong ya morekedi wa ditshelete kgotsa go ama bobe thulaganyo ya ditshelete, kgotsa go fenya maitlhomo a sediriswa sa bolaodi.

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Karolo 2

Maemo

Maemo a tlhokomelo 10