Statistics Act, 1999
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 17 : MiscellaneousPart 3 : Offences and penalties270. Ombud schemes |
| (1) | A person who contravenes section 189(1) or (2) or section 192 commits an offence and is liable on conviction to a fine not exceeding R5 000 000. |
| (2) | A person who contravenes section 202(11) commits an offence and is liable on conviction to a fine not exceeding R5 000 000. |
| (3) | A natural person who contravenes section 205(8) commits an offence and is liable on conviction to a fine not exceeding R5 000 000. |
| (4) | If— |
| (a) | a natural person who is subject to a debarment order in terms of section 205, contravenes section 205(8)(a) by entering into an arrangement referred to in section 205(8)(b); and |
| (b) | the other party to the arrangement knew or should reasonably have known that entering into the arrangement contravened that section; |
the other party to the arrangement also commits an offence and is liable on conviction to a fine not exceeding R5 000 000.
| (5) | A person who contravenes section 207(2) commits an offence and is liable on conviction to a fine not exceeding R15 000 000 or imprisonment for a period not exceeding 10 years, or to both a fine and such imprisonment. |
| (6) | A licensed financial institution that contravenes section 210 commits an offence and is liable on conviction to a fine not exceeding R5 000 000. |
| (7) | A financial institution that contravenes section 215(1) commits an offence and is liable on conviction to a fine not exceeding R5 000 000. |
| (8) | A person who contravenes section 217 commits an offence and is liable on conviction to a fine not exceeding R5 000 for each day during which the offence continues. |
