Section 25

25. (1) Mmusisi o tshwanetse go tlhoma foramo, e e bidiwang Foramo ya Tshoganyetso ya Lephata la Ditshelete.

(2) Maitlhomomagolo a Foramo ya Tshoganyetso ya Lephata la Ditshelete ke go thusa Komiti ya Kelotlhoko ya Tlhomamo ya Ditshelete ka—

(a) go tlhagisa dikotsi tsa kgonagalo ya go direga ga ditiragalo tse di rulaganeng; le

(b) kopanyo ya maano a a maleba, mekgwa le dipopego go fokotsa dikotsi tseo.

(3) Foramo ya Tshoganyetso ya Lephata la Ditshelete e bopilwe ka bonnye maloko a le robedi, go akaretsa le—

(a) Motlatsammusisi yo o thapilweng ke Mmusisi, yo e leng Modulasetilo;

(b) dikemedi tsa balaodi bangwe le bangwe ba lephata la ditshelete;

(c) dikemedii tsa maphata a mangwe a puso, jaaka Modulasetilo a ka tlhomamisa; le

(d) dikemedi tsa mekgatlho ya madirelo a lephata la ditshelete le motho mongwe le mongwe yo o maleba, jaaka Modulasetilo a ka tlhomamisa.

(4) Foramo ya Tshoganyetso ya Lephata la Ditshelete e tshwanetse go kopana mo dikgweding dingwe le dingwe tse thataro.

(5) Foramo ya Tshoganyetso ya Lephata la Ditshelete e tshwanetse go kopana e bile e tshwanetse go dira go tsamaelana le ditsamaiso tse di tlhomamisitsweng ke Mmusisi.

(6) Banka ya Resefe e tshwanetse go tlamela ka tshegetso ya tsamaiso, le ditlamelwana tse dingwe, go akaretsa le ditlamelwana tsa ditshelete, gore Foramo ya Tshoganyetso ya Lephata la Ditshelete e dire ka matsetseleko.

# Karolo 5

## Botsayakarolo jwa balaodi ba lephata la ditshelete le maphata a mangwe a puso mo go tshegetseng tlhomamo ya ditshelete

## Tirisanommogo magareng ga Banka ya Resefe le balaodi ba lephata la ditshelete 40 mabapi le tlhomamo ya ditshelete

26. (1) Balaodi ba lephata la ditshelete ba tshwanetse—

(a) go dirisanammogo le go kopana le Banka ya Resefe, le ka bobona, go tshegetsa, sireletsa le go oketsa tlhomamo ya ditshelete;

(b) go neelana ka thuso eo le tshedimosetso go Banka ya Resefe le Komiti ya Kelotlhoko ya Tlhomamo ya Ditshelete go tshegetsa kgotsa busetsa tlhomamo ya ditshelete, jaaka go kopile Banka ya Resefe kgotsa Komiti ya Kelotlhoko ya Tlhomamo ya Ditshelete;

(c) go bega ka potlako go Banka ya Resefe morero mongwe le mongwe o o lemogwang ke molaodi wa lephata la ditshelete e le o tlisang kgotsa o k a 50 tlisang dikotsi mo tlhomamong ya ditshelete; le

(d) go kgobokanya tshedimosetso go tswa go, kgotsa ka ga, ditheo tsa ditshelete tse di amang tlhomamo ya ditshelete.

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Act No. 9 of 2017

Financial Sector Regulation Act, 2017

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(2) The Reserve Bank must, when exercising its powers in terms of this Chapter, take into account—

(a) any views expressed and any information reported by the financial sector regulators; and

(b) any recommendations of the Financial Stability Oversight Committee.

5

## Memoranda of understanding relating to financial stability

27. (1) The financial sector regulators and the Reserve Bank must, not later than six months after this Chapter takes effect, enter into one or more memoranda of understanding with respect to how they will co-operate and collaborate with, and provide assistance to, each other and otherwise perform their roles and comply with their duties relating to financial stability.

(2) The financial sector regulators and the Reserve Bank must review and update the memoranda of understanding as appropriate, but at least once every three years.

(3) A copy of a memorandum of understanding must, without delay after being entered into or updated, be provided to the Minister and the Cabinet member responsible for consumer credit matters.

(4) The validity of any action taken by a financial sector regulator in terms of a financial sector law, the National Credit Act or the Financial Intelligence Centre Act is not affected by a failure to comply with this section or a memorandum of understanding contemplated in this section.

20

## Roles of other organs of state in relation to financial stability

28. An organ of state, other than a financial sector regulator, must—

(a) in performing its functions, have regard to the implications of its activities on financial stability; and

(b) provide such assistance and information to the Reserve Bank and the Financial Stability Oversight Committee so as to maintain and restore financial stability as the Bank or the Committee may reasonably request.

## Part 6

## Systemically important financial institutions

## Designation of systemically important financial institutions

30

29. (1) (a) The Governor may, by written notice to a financial institution, designate the institution as a systemically important financial institution.

(b) The power of the Governor in terms of paragraph (a) may not be delegated.

(2) Before designating a financial institution in terms of subsection (1) as a systemically important financial institution, the Governor must—

(a) give the Financial Stability Oversight Committee notice of the proposed designation and a statement of the reasons why the designation is proposed, and invite the Committee to provide advice on the proposal within a specified reasonable period; and

(b) if, after considering the Committee’s advice, the Governor proposes to designate the financial institution in terms of subsection (1), invite the financial institution to make submissions on the matter, and give it a reasonable period to do so.

(3) In deciding whether to designate a financial institution in terms of subsection (1), the Governor must take into account at least the following:

(a) The size of the financial institution;

(b) the complexity of the financial institution and its business affairs;

(c) the interconnectedness of the institution with other financial institutions within or outside the Republic;

(d) whether there are readily available substitutes for the financial products and financial services that the financial institution provides or, in the case of a market infrastructure, the market infrastructure;

(e) recommendations of the Financial Stability Oversight Committee;

(f) submissions made by or for the institution; and

(g) any other matters that may be prescribed by Regulation.

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Molao wa Taolo ya Lephata la Ditshelete, 2017

Nmr 9 ya 2017

(2) Banka ya Resefe e tshwanetse, fa e diragatsa dithata tsa yona go ya ka Kgaolo eno, go tsaya tsia—

(a) dikkanyo dingwe le dingwe tse di tlhagisitsweng le tshedimosetso nngwe le nngwe e e begilweng ke balaodi ba lephata la ditshelete; le

(b) dikatlanegiso dingwe le dingwe tsa Komiti ya Kelotlhoko ya Tlhomamo ya Ditshelete.

## Memorantamao wa tumalano o o mabapi le tlhomamo ya ditshelete