Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 10 : EnforcementPart 4 : Court orders152. Compliance with financial sector laws |
| (1) | The responsible authority for a financial sector law may commence proceedings against a person in the High Court for an order to ensure compliance with the financial sector law. |
| (2) | The High Court may make an order in terms of subsection (1)— |
| (a) | if it appears to the High Court that the person is engaging, or proposes to engage, in conduct contravening a financial sector law; |
| (b) | if the person has previously engaged in such conduct; |
| (c) | if there is a danger of substantial or irreparable damage, prejudice or harm if the person engages in conduct contravening a financial sector law; or |
| (d) | even if another remedy is available. |
| (3) | The High Court may not require the responsible authority to give any undertaking as to damages in connection with the application for an order in terms of this section. |
| (4) | The responsible authority must publish each court order, other than interlocutory orders, that it obtains in terms of this section. |