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

Chapter 14 : Ombuds

Part 3 : Powers of Ombud Council

204. Compliance with financial sector laws
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(1)The Ombud Council may commence proceedings against an ombud scheme in the High Court for an order to ensure compliance with the financial sector law in so far as it relates to ombud schemes.

 

(2)Section 152 applies, with necessary changes required by the context, in relation to the proceeding, as if the references in that section "responsible authority" were references to the Ombud Council.

 

[Section 204 to take effect on 1 April 2020, per Notice No. 1130 of 2019, GG 42677, dated 30 August 2019]