| (2) | A prudential standard must be aimed at one or more of the following: |
| (a) | Ensuring the safety and soundness of those financial institutions; |
| (b) | reducing the risk that those financial institutions and key persons engage in conduct that amounts to, or contributes to, financial crime; and |
| (3) | Without limiting subsection (1), a prudential standard may be made on any of the following matters: |
| (a) | Financial soundness requirements, including requirements in relation to capital adequacy, minimum liquidity and minimum asset quality; |
[Section 105(3)(b) substituted by section 46 of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 1 June 2023 per (b)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]
| (c) | matters that may in terms of any other provision of this Act be regulated by prudential standards, including matters as contemplated in section 30; and |
| (d) | any other matter that is appropriate and necessary for achieving any of the aims set out in subsection (2). |
