Section 146

146. (1) Before issuing a regulator's directive in terms of this Part, the financial sector regulator must—

(a) give the financial institution or person to whom it is proposed to issue the directive a draft of the proposed directive and a statement of the reasons why it is proposed to issue it, including a statement of the relevant facts and circumstances; and

(b) invite the financial institution or person to make submissions on the matter, and give it a specified period, which must be reasonable, to do so.

(2) If the directive requires removing a person from a specified position or function in or in relation to the financial institution, the financial sector regulator must also—

(a) give the person a draft of the proposed directive and a statement of the reasons why it is proposed to issue it, including a statement of the relevant facts and circumstances; and

(b) invite the person to make submissions on the matter within the period specified in terms of subsection (1)(b).

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GOVERNMENT GAZETTE, 22 AUGUST 2017

No. 41060 157

Molao wa Taolo ya Lephata la Ditshelete, 2017

Nmr 9 ya 2017

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(d) go fokotsa kotsi ya go diragala ga tiragalo e e rulagantsweng; kgotsa

(e) go namola ditlamorago tsa tlolo ya molao wa lephata la ditshelete kgotsa kamego ya motho mo bosenying jwa ditshelete.

(4) Bothati jwa Boitshvaro jwa Lephata la Ditshelete bo ka se rebole taelo go ya ka mabaka a a tlhalositsweng mo karolotlaleletsong (1)(d)(iv) ntle le fa go laetswe gore go dirwe jalo go ya ka karolo 18 kgotsa ka tumalano ya Banka ya Resefe.

(5) Tiro e e ka tsepamiswangmo taelong go ya ka karolotlaleletso (1) e akaretsa tse di latelang:

(a) Setheo sa ditshelete se se khutlisang go neelana kgotsa go tlamela ka kuno e e tsepameng ya ditshelete kgotsa tirelo ya ditshelete;

(b) setheo sa ditshelete se se fetolang kuno e tsepameng ya ditshelete kgotsa tirelo ya ditshelete kgotsa dipeelo tseo e tlametsweng ka tsona;

(c) go ntsha motho mo maemong a a tsepameng kgotsa tirong mo kgotsa mabapi le setheo sa ditshelete;

(d) setheo sa ditshelete se se sa dueleng bonase e tsepamisitsweng kgotsa tuelo ya tiro; le

(e) setlamo sa ditshelete se se namolang ditlamorago tsa tlolo ya molao wa lephata la ditshelete.

(6) Bothati jwa Boitshvaro jwa Lephata la Ditshelete bo ka se rebole taelo go ya ka karolotlaleletso (5)(a) kgotsa (b) go setheo sa thulaganyo ya botlhokwa ntle le tumalano ya Bothati Jwa Tlhokomeloto.

(7) Tiro e e ka tsepamiswang mo taelong go ya ka karolotlaleletso (2) e tshwanetse go lebiswa mo go fitlheleleng maikaelelo a Bothati jwa Boitshvaro jwa Lephata la Ditshelete le go netefatsa gore motho yo o botlhokwa, moemedi kgotsa mokonteraka o dira tiro ya gagwe go tsamaelana le melao e ediragatswang ya lephata la ditshelete.

(8) Mo go tlatseng dithata tsa jona tsa go rebola ditaelo tsa molaodi, fa motho a dira, kgotsa a tshitsinya go dira, boitshvaro jo bo tlolang molao wa lephata la ditshelete jo Bothati jwa Boitshvaro jwa Lephata la Ditshelete e leng bothati jo bo rwalang maikarabelo, Bothati jwa Boitshvaro jwa Ditshelete bo ka rebolela motho taelo e e kwetsweng e e laelang motho go emisa go dira, kgotsa go se dire, boitshvaro.

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