Section 58

58. (1) Go fitlhelela maikaelelo a jona, Bothati jwa Boitshwaro jwa Lephata la Ditshelete bo tshwanetse go—

(a) laola le go tlhokomela, go tsamaelana le melao ya lephata la ditshelete, boitshwaro jwa ditheo tsa ditshelete;

(b) dirisana mmogo le, le go thusa, Banka ya Resefe, Komiti ya Kelotlhoko ya Tlhomamo ya Ditshelete, Bothati jwa Tlhokomelo le Bolaodi jwa Bosetshaba jwa Sekoloto, jaaka go tlhokega go ya ka Molao ono;

(c) dirisana mmogo le Khansele ya Dikema tsa Kalafi mo go sekasekeng merero eo ka bobedi e nang le kgatlhego mo go yona;

(d) ntshetsa pele, go fitlhela mo go tsamaisaneng le phitlhelelong ya maikaelelo a Bothati jwa Boitshwaro jwa Lephata la Ditshelete, kgaisano e e tsweletswang mo kabelong ya dikuno tsa ditshelete le ditirelo tsa ditshelete, go akaretsa le ka go dirisana mmogo le go kopana le Khomiišene ya Kgaisano;

(e) ntshetsa pele tsenyeletso ya ditshelete;

(f) tlhatlhoba nako le nako modiko le seelo tsa bolaodi jwa lephata la ditshelete, 40 le go tsaya dikgato go fokotsa dikotsi tse di supilweng go fitlhelela maikaelelo a jona kgotsa tiragatso e e nonofileng ya ditiro tsa jona;

(g) tsamaisa go kgobokanngwa ga makgethwana le go phatlalatsa madi a a amogetsweng mabapi le makgethwana;

(h) dira le go phasalatsa patlisiso e e malebana le maikaelelo a jona;

(i) tlhokomela seelo se thulaganyo ya ditshelete e abelang barekedi ba ditshelete dipoelo tse di lolameng ka teng, ka go tsepama mo tolamong le tshiamong ya dikuno tsa ditshelete le ditirelo tsa ditshelete le seelo seo bo tla fitlhelelang ditlhokego le ditsholofelo tse di amogelsegang tsa barekedi ba ditshelete; le

(j) tlhama le go tsenya tirisong maano le mananeo a a mabapi le thuto ya tsa ditshelete mo setshabeng ka kakaretso.

(2) Mabapi le setheo sa ditshelete seo e leng batlamedi ba sekoloto se se laolwang go ya ka Molao wa Bosetshaba wa Sekoloto, Bothati jwa Boitshwaro jwa Lephata la Ditshelete bo ka, mo godimo ga go laola le go tlhokomela setheo sa ditshelete mabapi

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No. 41060

GOVERNMENT GAZETTE, 22 AUGUST 2017

Act No. 9 of 2017

Financial Sector Regulation Act, 2017

86

that the financial institution provides, and notwithstanding section 2(1)(g), regulate and supervise the financial institution’s conduct in relation to the provision of credit under a credit agreement only in respect of those matters referred to in section 108.

(3) The Financial Sector Conduct Authority must also perform any other function conferred on it in terms of any other provision of this Act or other legislation. 5

(4) The Financial Sector Conduct Authority may do anything else reasonably necessary to achieve its objective, including—

(a) co-operating with its counterparts in other jurisdictions; and

(b) participating in relevant international regulatory, supervisory, financial stability and standard setting bodies. 10

(5) When performing its functions, the Financial Sector Conduct Authority must—

(a) take into account the National Credit Act and regulatory requirements for financial institutions that are authorised and regulated under that Act;

(b) take into account the need for a primarily pre-emptive, outcomes focused and risk-based approach, and prioritise the use of its resources in accordance with 15 the significance of risks to the achievement of its objective; and

(c) to the extent practicable, have regard to international regulatory and supervisory standards set by bodies referred to in subsection (4)(b), and circumstances prevalent in the Republic.

(6) The Financial Sector Conduct Authority must perform its functions without fear, 20 favour or prejudice.

Part 2

Governance

Overall governance objective

59. The Financial Sector Conduct Authority must manage its affairs in an efficient and 25 effective way, and establish and implement appropriate and effective governance systems and processes, having regard, among other things, to internationally accepted standards in these matters.

Establishment and role of Executive Committee