Statutes section 250

Section 250: In this Part, “designated authority” means—

In force date not confirmed

250. In this Part, “designated authority” means—

(a) the Reserve Bank;

(b) a financial sector regulator;

(d) the Council for Medical Schemes;

(e) a market infrastructure, but only in relation to its regulatory or supervisory functions in terms of a financial sector law;

(f) an organ of state responsible for the regulation, supervision or enforcement of any law; 45

(g) a body similar to an organ of state referred to in paragraph (f) that is designated in terms of the laws of a foreign country as being responsible for the regulation, supervision or enforcement of legislation;

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ditshelete dikgwedi di le pedi pele ga tshimololo ya ngwaga wa ditshelete ao bo tla a duediswang.

(7) Mo godimo ga merero e e tshwanetseng go akaretswa mo pegelong ya ngwaga le dikanegong tsa ditshelete tsa Bothati jwa Boitshwaro jwa Lephata la Ditshelete tse di kailweng mo karolong 55 ya Public Finance Management Act, pegelo ya ngwaga e tshwanetse go tlhagisa le go nna le kanego e e bontshang—

(a) palogothe ya ditheo tse di tlhokometsweng tse di duetseng makgethwana a a duedisitsweng go tsamaelana le karolo 237(1)(b);

(b) palogothe ya matlole a a phatlaladitsweng go tswa mo akhaontong ya banka e e tlhomilweng e e kailweng mo karolong 246(2) go ya kwa akhaontong ya banka e e tlhomilweng ya mokgathho mongwe le mongwe wa lephata la ditshelete o o kailweng mo karolong 246(1); le

(8) Mo godimo ga merero e tshwanetseng go akaretswa mo dipegelong tsa ngwaga le dikanegong tsa ditshelete kgotsa mo dikarabelong tsa ditshelete tsa mokgathho wa lephata la ditshelete tse di kailweng mo dikarolotaleletsong (4) le (5), pegelo ya ngwaga ya mokgathho wa lephata la ditshelete e tshwanetse go nna le kanego e e bontshang—

(a) palogothe ya batho ba ba duetseng ditueleo tse di tlhomamisitsweng ke mokgathho oo wa lephata la ditshelete mo ngwageng wa ditshelete;

(b) palogothe ya ditheo tse di tlhokometsweng tse di duetseng makgethwana a a duedisitsweng ke mokgathho oo wa lephata la ditshelete mo ngwageng oo wa ditshelete;

(d) palogothe ya makgethwana a kgobokantsweng mo boemong jwa le go 25 amogelwa ke mokgathho wa lephata la ditshelete; le

(e) morero mongwe le mongwe o o tlhomamisitsweng ke Tona.

(9) Mokgathho wa lephata la ditshelete o tshwanetse go phasalatsa tekanyetsokabo ya ona ya ngwaga mo webesaeteng ya ona, e bile o tshwannetse go phasalatsa ditueleto tse di tlhomamisitsweng tsa ona le makgethwana a a duediswang mo Rejisetareng le mo webesaeteng ya ona.

Karolo 4

Tiragatso ya Kgaolo mo Lekgotleng

249. Modulasetilo wa Lekgotla o rwala maikarabelo a go netefatsa gore ditiro tsa 35 Lekgotla go ya ka Kgaolo eno di a dirwa.

KGAOLO 17

TSELE LE TSELE

Karolo 1

Karogano ya tshedimosetso le go bega 40

Bothati jo bo thapilweng

250. Mo Karolong eno, "bothati jo bo thapilweng" bo kaya—

(a) Banka ya Resefe;

(b) bolaodi jwa lephata la ditshelete;

(d) Khansele ya Dikema tsa Kalafi;

(e) thulaganyetso ya popegotheo ya mmaraka, mme fela mabapi le ditiro tsa yona tsa bolaodi le botlhokomedi go ya ka molao wa lephata la ditshelete;

(f) setheo sa puso se se rwalang maikarabelo a taolo, tlhokomelo kgotsa kgatelelo ya molao mongwe le mongwe; 50

(g) Mokgathho o tshwanang le setheo sa puso se se kailweng mo temaneng (f) o o thapilweng go ya ka melao ya dinaga disele jaaka o rwala maikarabelo a taolo, tlhokomelo kgotsa kgatelelo ya peomolao;

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No. 41060

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Act No. 9 of 2017

Financial Sector Regulation Act, 2017

232

(h) the Ombud Council;

(i) an ombud; or

(j) a payment system management body recognised in terms of section 3(1) of the National Payment System Act.

## Information sharing

251. (1) (a) A financial sector regulator or the Reserve Bank has an obligation and a duty to—

(i) achieve its objective as set out in this Act;

(ii) achieve the objects of financial sector laws;

(iii) perform its functions, including its supervisory functions, in terms of financial sector laws and the Financial Intelligence Centre Act.

(b) A financial sector regulator or the Reserve Bank must collect and use information, including personal information as defined in the Protection of Personal Information Act, to the extent that the financial sector regulator or the Reserve Bank determines is necessary to properly perform the obligations and duties referred to in paragraph (a).

(c) A financial sector regulator or the Reserve Bank may only share or disclose information in order to fulfil its obligations and duties in terms of this subsection and subsection (2), and the disclosure or sharing of information for any other purposes constitutes the sharing or disclosure of information for a purpose that is not authorised, as referred to in section 272.

(2) (a) A financial sector regulator or the Reserve Bank must disclose information referred to in subsection (1)(b) if the financial sector regulator or the Reserve Bank determines it is necessary to comply with its obligations—

(i) to perform functions in terms of, or as enabled by, the financial sector laws or the Financial Intelligence Centre Act;

(ii) relating to legal proceedings or other proceedings;

(iii) to warn financial customers against conducting business with a financial institution or other person conducting activities in contravention of the financial sector laws or the Financial Intelligence Centre Act;

(iv) to inform financial customers of actions taken against a financial institution in terms of the financial sector laws or the Financial Intelligence Centre Act;

(v) to alert financial customers to activities carried out by a financial institution that a financial sector regulator or the Reserve Bank believes to constitute a risk to financial customers;

(vi) to protect the public interest;

(vii) to deter, prevent, detect, report and remedy fraud or other criminal activity in relation to financial products or financial services; or

(viii) relating to anti-money laundering and combating the financing of terrorism.

(b) Information obtained in terms of the Financial Intelligence Centre Act, other than in terms of sections 45 and 45B of that Act, may only be utilised or disclosed in accordance with sections 29, 40 and 41 of that Act.

(3) A financial sector regulator or the Reserve Bank, in pursuing the obligations and duties referred to in subsections (1)(a) and (2)(a), may—

(a) liaise with any designated authority on matters of common interest;

(b) participate in the proceedings of any designated authority;

(d) prior to taking regulatory action which a financial sector regulator or the Reserve Bank considers material against a financial institution, inform any designated authority that the financial sector regulator or the Reserve Bank, as the case may be, of the pending regulatory action or, where this is not possible, inform the designated authority as soon as possible after taking the regulatory action; and

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233

(h) Khansele ya Ombud;

(i) ombud; kgotsa

(j) mokgatho wa taolo ya tsamaiso ya tuelo e e amogetsweng go ya ka National Payment System Act.

Karogano ya tshedimosetso 5