Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 7 : Regulatory InstrumentsPart 1 : Regulatory instruments104. Reports on consultation processes |
| (1) | With each regulatory instrument, the maker must publish a consultation report. |
(2) A consultation report must include—
| (a) | a general account of the issues raised in the submissions made during the consultation; and |
| (b) | a response to the issues raised in the submissions. |
| (3) | If the maker did not comply with section 98 or 99 for the reason stated in section 100, the consultation report must be published 30 days after the instrument was made and the report must include a statement of the reasons why the delay involved in complying, or complying fully, with sections 98 and 99 was considered likely to lead to prejudice to financial customers or harm to the financial system, or defeat the object of the regulatory instrument. |