South African Reserve Bank Act, 1989 (Act No. 90 of 1989)11. Appointment of inspectors |
| (1) | The Bank may appoint inspectors (in either a permanent or a temporary capacity) to carry out inspections of the affairs, or of any part thereof, of a bank or a mutual bank. |
| (2) |
| (a) | The provisions of Part 4 of Chapter 9 of the Financial Sector Regulation Act, 2017 except section 134, shall apply with the changes necessary in the context in respect of an inspection carried out in terms of subsection (1). |
| (b) | Section 130 of the Financial Sector Regulation Act, 2017 does not apply in respect of an inspection carried out in terms of subsection (1). |
[Section 11(2) substituted by section 290, item 3 in Schedule 4, of Notice No. 853 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]
| (3) | Every inspector so appointed shall be furnished with a certificate stating that he has been appointed as an inspector under this Act. |