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Statutes section 31

Section 31

In force date not confirmed

31. (1) None of the following steps may be taken in relation to a systemically important financial institution or a systemically important financial institution within a financial conglomerate without the concurrence of the Reserve Bank: 45

(a) Suspending, varying, amending or cancelling a licence issued to that financial institution;

(b) adopting a special resolution to wind up the financial institution voluntarily;

(c) applying to a court for an order that the financial institution be wound up;

(d) appointing an administrator, trustee or curator for the financial institution; 50

(e) placing the financial institution under business rescue or adopting a business rescue plan for the financial institution;

This gazette is also available free online at www.gpwonline.co.za

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GOVERNMENT GAZETTE, 22 AUGUST 2017

No. 41060 65

Molao wa Taolo ya Lephata la Ditshelete, 2017

Nmr 9 ya 2017

(4) (a) Fa Mmusisi a tlhomamisitse go ya ka karolo 14(4) gore tiragalo e e rulaganeng e diregile kgotsa e ka direga, Mmusisi o ka tlhoma setheo sa ditshelete jaaka setheo sa ditshelete se se botlhokwa mo thulaganyong ntle le go ikamanaya, kgotsa go ikamanya ka gotlhe, le karolotlaleletso (2) kgotsa (3).

(b) Fa Mmusisi a dira go ya ka temana (a) le go tlhoma setheo sa ditshelete ntle le go ikamanya, kgotsa go ikamanya ka gotlhe, le karolotlaleletso (2) kgotsa (3), setheo sa ditshelete se ka dira ditlhagiso ka ga go tlhongwa go Mmusisi mo matsatsing a le 30 morago ga go itsisiwe ka ga go tlhongwa.

(c) Mmusisi o tshwanetse go tsaya tsia ditlhagiso dingwe le dingwe go ya ka temana (b), le ka kitsiso go setheo sa ditshelete, go ka netefatsa kgotsa gogela morago tlhomo. 10

(5) Go tlhongwa ga setheo sa ditshelete jaaka setheo sa ditshelete se se botlhokwa mo thulaganyong ga go kae gore, kgotsa ga go neye setheo sa ditshelete tetla ya, tshireletsego kgotsa mokgwa mongwe le mongwe wa sekoloto kgotsa tshegetso nngwe go tswa go lephata lengwe le lengwe la puso.

(6) Mmusisi o ka, ka go kwala, gape le go ya ka kgato e e tlhokegang, gogela morago 15 tlhomo e e dirilweng go ya ka karolo eno.

(7) Tlhomo, le kgogelomorago ya tlhomo, go ya ka karolo eno e tshwanetse go phasalatswa.

# Maemo a a botlhokwa le ditaelo tsa bolaodi mabapi le ditheo tsa ditshelete tse di botlhokwa tse di rulaganeng