Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 1 : Interpretation, Object and Administration of ActPart 1 : Interpretation4. Financial stability |
| (1) | For the purposes of this Act, "financial stability" means that— |
| (a) | financial institutions generally provide financial products and financial services, and market infrastructures generally perform their functions and duties in terms of financial sector laws, without interruption; |
| (b) | financial institutions are capable of continuing to provide financial products and financial services, and market infrastructures are capable of continuing to perform their functions and duties in terms of financial sector laws, without interruption despite changes in economic circumstances; and |
| (c) | there is general confidence in the ability of financial institutions to continue to provide financial products and financial services, and the ability of market infrastructures to continue to perform their functions and duties in terms of financial sector laws, without interruption despite changes in economic circumstances. |
| (2) | A reference in this Act to maintaining financial stability includes, where financial stability has been adversely affected, a reference to restoring financial stability. |