Section 284: Mo ditsamaisong dingwe le dingwe go ya ka, kgotsa mabapi le, molao wa lephata la ditshelete, direkoto le dibuka tsa akhaonto tsa setheo sa ditshelete, le tsa motho yo o diriswang ke setheo sa ditshelete go dira tiro ya go laola, di amogelseaga jaaka bosupi jwa dintlha, ditiro le diakhaonto tse di rekotilweng ka fa gare.

284. Mo ditsamaisong dingwe le dingwe go ya ka, kgotsa mabapi le, molao wa lephata la ditshelete, direkoto le dibuka tsa akhaonto tsa setheo sa ditshelete, le tsa motho yo o diriswang ke setheo sa ditshelete go dira tiro ya go laola, di amogelseaga jaaka bosupi jwa dintlha, ditiro le diakhaonto tse di rekotilweng ka fa gare.

35

## Dikgololo

285. Puso, Tona, Banka ya Resefe, Mmusisi le Batlatsammusisi, molaodi wa lephata la ditshelete, leloko la Komiti Khuduthamaga, Komiti ya Tlhokomelo, leloko la komiti ya Bolaodi jwa Tlhokomelo, Bolaodi jwa Boitshwaro jwa Lephata la Ditshelete, leloko la Lekgotla, Khansele ya Ombud, leloko la Boto ya Ombud, modiredi wa Puso, Banka ya Resefe, leloko la boto kgotsa motlhankedi wa Banka ya Resefe, leloko la badirimmogo ba Banka ya Resefe, ga ba rwale maikarabelo a, kgotsa mabapi le, tatlhegelo nngwe le nngwe kgotsa kgobalo e e bonweng kgotsa itemogetsweng ke motho mongwe le mongwe ka ntlha ya tshwetso e e tserweng kgotsa tiro e e dirilweng ka mowa o montle mo go diragatseng tiro kgotsa thata go ya ka molao wa lephata la ditshelete.

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## Kitsiso go baabelwadilaesense

286. (1) Kitsiso go ya ka, kgotsa e e amanang le, molao wa lephata la ditshelete go motho yo o kgotsa yo o neng a abetswe laesense go ya ka molao wa lephata la ditshelete e tshwanetse go neelwa go, kgotsa go newa—

(a) motho; kgotsa

(b) fa motho a sa kgone go fitlhelela morago ga patlisiso e e tseneletseng, motho mongwe yo o kileng a amega mo tsamaisong kgotsa taolong ya lefelo leo motho a dirang kgotsa a dirileng ditiro tsa laesense.

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GOVERNMENT GAZETTE, 22 AUGUST 2017

Act No. 9 of 2017

Financial Sector Regulation Act, 2017

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(2) For the purposes of a financial sector law, service in terms of subsection (1)(b) is effective service.

## Publication requirements in financial sector laws

287. (1) A requirement in terms of a financial sector law to publish a document or information, including a requirement to publish it in the Gazette, must be read as a requirement also to publish the document or information in the Register. 5

(2) The document or information may also be published on the website of the person required to publish it, or in other effective ways.

(3) This section does not require publication of a draft of a document in the Register.

## Part 5

10

## Regulations and Guidelines

## Regulations and guidelines

288. (1) The Minister may make Regulations to facilitate the implementation of this Act, including Regulations—

(a) that must or may be prescribed in terms of this Act; 15

(b) to provide for other procedural or administrative matters that are necessary to implement the provisions of this Act.

(2) A requirement in terms of a financial sector law or the Interpretation Act (Act No. 33 of 1957), to publish Regulations in the Gazette must be read as a requirement to publish the Regulations also in the Register. 20

(3) (a) The Minister may issue guidelines for the disclosure of material interests contemplated in sections 49, 72, 193 and 226 to provide guidance to persons who are required to disclose material interests in terms of those sections.

(b) Guidelines issued in terms of paragraph (a) do not divest persons who are required to disclose a material interest in terms of sections 49, 72 193 and 226 from their duty to properly apply their minds and disclose all material interests. 25

(4) The Minister may not make a Regulation unless the Minister—

(a) has published—

(i) a draft of the Regulation;

(ii) a statement explaining the need for and the intended operation of the Regulation; 30

(iii) a statement of the expected impact of the Regulation;

(iv) a notice inviting submissions in relation to the Regulation and stating where, how and by when submissions are to be made; and

(b) has, once submissions referred to in paragraph (a)(iv) have been received and considered, submitted to Parliament, while it is in session,—

(i) the documents mentioned in paragraph (a)(i) to (iv); and

(ii) a report of the consultation process, which report must include—

(aa) a general account of the issues raised in the submissions; and

(bb) a response to the issues raised in the submissions. 40

(5) (a) The period allowed for making submissions referred to in subsection (4)(a) must be at least six weeks.

(b) The period allowed for Parliamentary scrutiny referred to in subsection (4)(b) must be at least 30 days while Parliament is in session.

(6) If a Minister intends, whether or not as a result of a consultation process, to make a Regulation in a materially different form from the draft Regulation published in terms of subsection (4), the Minister must, before making the Regulation, repeat the process referred to in subsection (4).

(7) If complying with subsection (4) or (6), in the opinion of the Minister, is likely to lead to prejudice to financial customers or harm to the financial system, or defeat the object of the proposed Regulation, the Minister must, before making the Regulation—

(a) publish—

(i) a draft of the Regulation and a statement explaining the need for and the intended operation of the Regulation;

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Nmr 9 ya 2017

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(2) Mabapi le maitlhomo a molao wa lephata la ditshelete, tirelo go ya ka karolotlaleletso (1)(b) ke tirelo e e nonofileng.

## Ditlhokego tsa phasalatso mo melaong ya lephata la ditshelete