Section 27B: Period within and manner in which supervisory body must submit written report

## 27B. Period within and manner in which supervisory body must submit written report

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to Centre

(1) A supervisory body must, as contemplated in section 45(1C) of the Act, within 30 days after taking a decision to institute an action against an accountable institution in terms of the Act or any order, determination or directive made in terms of the Act submit a written report to the Centre on any action taken or intended to be taken against that accountable institution.

(2) A supervisory body must submit the written report contemplated in sub regulation (1) in accordance with the format specified by the Centre at the contact particulars specified by the Centre for this purpose.