Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 3 : Prudential AuthorityPart 1 : Establishment, objective and functions33. Objective |
The objective of the Prudential Authority is to—
| (a) | promote and enhance the safety and soundness of financial institutions that provide financial products and securities services; |
| (b) | promote and enhance the safety and soundness of market infrastructures; |
| (c) | protect financial customers against the risk that those financial institutions may fail to meet their obligations; and |
| (d) | assist in maintaining financial stability. |