Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)

Chapter 12A : Resolution of Designated Institutions

Part 2 : Placing designated institutions in resolution

166N. Reserve Bank not holding company
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The Reserve Bank is not, merely because of this Chapter, a holding company of a designated institution in resolution.

 

[Section 166N inserted by section 51 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)(ii) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]