Inspection of Financial Institutions Act, 1998 (Act No. 80 of 1998)

11. Costs of inspections

Purchase

All expenses necessarily incurred by and the remuneration of any inspector appointed under section 2 may be recovered from—

a)	a person who has applied for an inspection of an institution, and the registrar may require such person to furnish such security as the registrar may deem satisfactory and sufficient to cover such expenses and remuneration; or

b)	the institution being inspected, if the registrar so decides, after having considered the results of the inspection.

c)	any person, when it appears after considering the outcome of an inspection, that such person was knowingly a party to the carrying on of the affairs of the institution in a manner that constituted an irregularity, non-compliance or contravention.

[Subparagraph (c) inserted by section 154 of Act No. 45 of 2013]