Section 166

166. (1) (a) Setlamo se se laolang sa setheo se se kopantsweng sa ditshelete se ka se fithelele kgotsa phimole dithoto tse di botlhokwa jaaka go tlhalositswe mo maemong a tlhokomelo a a diretsweng karolo eno, ntle le thebolo ya Bothati jwa Tlhokomelo.

(b) Maemo a botlhokwa a a dirilweng ka fa tlase ga karolotlaleletso eno a tshwanetse go tlhagisa ka botlalotse di tlhamang thoto e e botlhokwa.

(2) Bothati jwa Tlhokomelo bo ka se neelane ka thebolo go ya ka karolotlaleletso (1), ntle le fa Bothati bo kgotsofetse gore phitlhelelo kgotsa phimolo e ka se ame ka kgobeleo—

(a) bolaodi jwa tlhokomelo le itekanelo ya ditshelete ya setheo se se matshwanedi sa ditshelete mo teng ga setheo se se kopantsweng sa ditshelete;

(b) bokgoni jwa Bothati jwa Tlhokomelo jwa go tlhomamisa—

(i) ka moo mefuta e e farologaneng ya dikgwebo e tsamaiswang ka teng;

(ii) dikotsi tsa setheo se se kopantsweng sa ditshelete le motho mongwe le mongwe yo e leng karolo ya setheo se se kopantsweng seo sa ditshelete; kgotsa

(iii) mokgwa o letlhomeso la puso rulagantsweng le go tsamaiswang ka teng mabapi le setheo se se kopantsweng sa ditshelete.

(3) (a) Fa Bothati jwa Tlhokomelo bo akanya go se letle thebolo ya phitlhelelo kgotsa phimolo e e kailweng mo karolotlaleletsong (1), pele ga go tsaya tshwetso, Bothati jwa Tlhokomelo bo tshwanetse go itsise setlamo se se okameng ka ga go se letlwe go go tshitsintsweng ga thebolo.

(b) Kitsiso e e kailweng mo temaneng (a) e tshwanetse go—

(i) akaretsa polelo ya mabaka a gore goreng thebolo e sa letlwa; le

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No. 41060

GOVERNMENT GAZETTE, 22 AUGUST 2017

Act No. 9 of 2017

Financial Sector Regulation Act, 2017

176

(ii) invite the holding company to make submissions on the matter, and give a reasonable period to do so.

(4) In deciding whether to grant or refuse a request for approval in terms of subsection (1), the Prudential Authority must take into account all relevant considerations, including at least the following:

(a) Whether the acquisition or disposal will not prejudicially affect the matters referred to in subsection (2); and

(b) submissions made in relation to the application for approval, including any submissions made in response to a request for submissions referred to in subsection (3).

(5) An acquisition or disposal in contravention of subsection (1) is void.

CHAPTER 13

ADMINISTRATIVE PENALTIES

Administrative penalties