Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)

Chapter 2 : Financial Stability

Purchase

(1)	The Reserve Bank must take all reasonable steps—

(a)	to prevent systemic events from occurring; and

(b)	if a systemic event has occurred or is imminent, to—

(i)	mitigate without delay the adverse effects of the event on financial stability; and

(ii)	manage the systemic event and its effects.

(2)	When acting in terms of subsection (1), the Reserve Bank must have regard to the need to—

(a)	minimise adverse effects on financial stability and economic activity;

(b)	protect, as appropriate, financial customers; and

(c)	contain the cost to the Republic of the systemic event and the steps taken.