Securities Services Act, 2004 (Act No. 36 of 2004)

Chapter VIII : Market Abuse

Civil liability

78. Powers of directorate in civil proceedings
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(1)The directorate may withdraw, abandon or compromise any civil proceedings instituted in terms of section 77 but any agreement of compromise must be made an order of court and the amount of any payment made in terms of such compromise must be made public.

 

(2)Where civil proceedings have not been instituted, any agreement of compromise may, on application to the court by the board after due notice to the other party or parties, be made an order of court and the parties to the agreement and the amount of any payment made in terms of such agreement must be made public.