Witness Protection Act, 1998
R 385
Financial Sector and Deposit Insurance Levies Act, 2022 (Act No. 11 of 2022)Preamble |
SINCE the Republic, in order to achieve a stable financial system that works in the interests of financial customers and that supports balanced and sustainable economic growth in the Republic, has enacted legislation to establish a regulatory and supervisory framework that promotes—
| (a) | financial stability; |
| (b) | the safety and soundness of financial institutions; |
| (c) | the fair treatment and protection of financial customers; |
| (d) | the efficiency and integrity of the financial system; |
| (e) | the prevention of financial crime; |
| (f) | financial inclusion; |
| (g) | transformation of the financial sector; and |
| (h) | confidence in the financial system; |
SINCE section 237 of the Financial Sector Regulation Act provides for legislation imposing levies to fund the operations of the financial sector bodies required for the application of that Act;
AND SINCE section 166BC of the Financial Sector Regulation Act provides for the Corporation for Deposit Insurance, established in terms of section 166AE of that Act, to charge members of the Corporation a deposit insurance levy in accordance with legislation that empowers the administration of levies,
BE IT THEREFORE ENACTED by the Parliament of the Republic of South Africa, as follows:—
