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

Chapter 17 : Miscellaneous

Part 1 : Information sharing and reporting

250. Designated authority
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In this Part, "designated authority" means—

(a)the Reserve Bank;
(b)a financial sector regulator;
(c)the National Credit Regulator;
(d)the Council for Medical Schemes;
(e)a market infrastructure, but only in relation to its regulatory or supervisory functions in terms of a financial sector law;
(f)an organ of state responsible for the regulation, supervision or enforcement of any law;
(g)a body similar to an organ of state referred to in paragraph (f) that is designated in terms of the laws of a foreign country as being responsible for the regulation, supervision or enforcement of legislation;
(gA) the Corporation;
(h)the Ombud Council;
(i)an ombud; or
(j)a payment system management body recognised in terms of section 3(1) of the National Payment System Act.

 

[Section 250 substituted by section 54 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)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]