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

Regulations

Deposit Insurance Regulations, 2024

Chapter III: Application of Fund when reimbursing covered deposits in accordance with Section 166AA(1)(b) of Act

16. Exchange of information

 

(1) The Corporation must regularly inform the liquidator or resolution practitioner of a bank in resolution about amounts reimbursed to an individual qualifying depositor.

 

(2) The Corporation may request information from the liquidator or resolution practitioner of a bank in resolution for the purposes of a reimbursement or when considering a dispute submitted in accordance with regulation 14.

 

(3) Unless expressly otherwise determined by the Corporation, the liquidator or resolution practitioner of a bank in resolution must furnish the Corporation with the requested information within 10 business days of receiving a request referred to in subregulation (2).