Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Regulations

Regulations in terms of Section 86

Part 6 : Administrative penalties [Section 49]
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6. The supervisor, in terms of section 49(1) of the Act, may impose a maximum administrative penalty of R 10,000 for every calendar day that a failure to submit any documentation or reports required by the Act to be submitted to a supervisor.