Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 17 : MiscellaneousPart 1 : Information sharing and reporting253. Reporting to financial sector regulators |
| (1) | A person may report to a financial sector regulator— |
| (a) | financial difficulties or suspected financial difficulties in a financial institution; |
| (b) | a contravention or suspected contravention of a financial sector law in relation to a financial institution; or |
| (c) | the involvement or the suspected involvement of a financial institution in financial crime. |
| (2) | Unless the report was made in bad faith, a person who makes a report in terms of subsection (1) is not— |
| (a) | criminally liable for making the report; or |
| (b) | liable to pay compensation or damages to any person in relation to a loss caused by the report. |