Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 16 : Fees, Levies and FinancesPart 1 : Fees and levies240. Consultation requirements |
| (1) | Part 1 of Chapter 7, with the exception of section 100, applies with the necessary changes, to the adoption of the budget, the estimates of expenditure as well as the fees, levies and deposit insurance premium proposals as provided for in section 239. |
| (2) | The documents that must be published under section 98 include— |
| (a) | the budget, estimates of expenditure and the fees, levies and deposit insurance premium proposals provided for in section 239 for the relevant financial year; and |
| (b) | an explanation by the financial sector body of the budget, estimates of expenditure and fees, levies and deposit insurance premium proposals, and of the variation of the budget, estimates of expenditure and the fees, levies and deposit insurance premium proposals against the budget, estimates of expenditure and the fees, levies and deposit insurance premium proposals adopted for the previous financial year. |
[Section 240 substituted by the Schedule: Amendment of Laws: Section 4 of the Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 (Act No. 12 of 2022), Notice No. 1512, GG47696, dated 9 December 2022 - effective 1 June 2023 in respect of consultation requirements for financial sector bodies other than the Corporation for Deposit Insurance, in preparation for the 2024/2025 financial year and 1 June 2024 in respect of consultation requirements for the Corporation for Deposit Insurance, in preparation for the 2025/2026 financial year per section (d), item (7) of Commencement Notice No. 3188, GG48291, dated 24 March 2023]