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 Act8. Reimbursement of formal beneficiary account |
The Corporation must reimburse a beneficiary of a formal beneficiary account for their covered deposits not later than 20 calendar days from receipt of the information referred to in regulation 31.