Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 13 : Administrative Penalties170. Enforcement |
| (1) | The responsible authority that makes an administrative penalty order may file with the registrar of a competent court a certified copy of the order if— |
| (a) | the amount payable in terms of the order has not been paid as required by the order; and |
| (b) | either— |
| (i) | no application for reconsideration of the order in terms of a financial sector law, or for judicial review in terms of the Promotion of Administrative Justice Act of the Tribunal’s decision, has been lodged by the end of the period for making such applications; or |
| (ii) | if such an application has been made, proceedings on the application have been finally disposed of. |
| (2) | The order, on being filed, has the effect of a civil judgment, and may be enforced as if lawfully given in that court. |