Financial Institutions (Protection of Funds) Act, 2001 (Act No. 28 of 2001)Act |
To provide for, and consolidate the laws relating to, the investment, safe custody and administration of funds and trust property by financial institutions; to enable the registrar to protect such funds and trust property; to repeal the Financial Institutions (Investment of Funds) Act, 1984 (Act No . 39 of 1984); to improve the enforcement powers of the registrar; and to provide for matters incidental thereto.
BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:—