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Financial Institutions (Protection of Funds) Act, 2001 (Act No. 28 of 2001)

Chapter 2 : Enforcement

9B. Sections 5 and 6 do not apply to designated institutions in resolution

 

Sections 5 and 6 do not apply to an institution of which a determination, in terms of section 166J of the Financial Sector Regulation Act, 2017, is in force.

 

[Section 9B inserted by section 20 of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 1 June 2023 per (b)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]