Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)RegulationsDeposit Insurance Regulations, 2024Chapter III: Application of Fund when reimbursing covered deposits in accordance with Section 166AA(1)(b) of Act12. Statements to qualify depositors |
The Corporation—
| (a) | must make a statement available to a qualifying depositor of a bank in resolution after each reimbursement to them, or when it defers the reimbursement of their covered deposits in accordance with regulation 10; |
| (b) | must notify a qualifying depositor of the availability of a statement to them using any method it deems appropriate, including SMS or e-mail; and |
| (c) | may make a statement available to a qualifying depositor using any method it deems appropriate. |