Consumer Affairs (Unfair Business Practices) Act, 1988 (Act No.
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 12A : Resolution of Designated InstitutionsPart 1 : General provisions with respect to designated institutions166A. Exercise of Reserve Bank's powers |
| (1) | The Reserve Bank is the resolution authority, and has the resolution functions conferred on it by this Act. |
| (2) | The resolution functions of the Reserve Bank are performed by the Governor. |
[Section 166A inserted by section 51 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)(ii) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]
