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

12. Offences and penalties

 

 

A person who—

a) when requested by an inspector to take an oath or to make an affirmation, refuses to do so;
b) without lawful excuse refuses or fails to answer a question put by an inspector and relating to the affairs of an institution being inspected;
c) wilfully gives any false information to an inspector;
d) without lawful excuse refuses or fails to comply with any reasonable request by an inspector in the exercise of his or her powers or the performance of his or her duties;
e) wilfully hinders an inspector in the exercise of his or her powers or the performance of his or her duties;
f) contravenes section 8; or

[Subparagraph (f) amended by section 155(a) of Act No. 45 of 2013]

g) has been duly summoned under section 4(1)(A) or 5(1)(a) and who, without sufficient cause—
(i) fails to appear at the time and place specified in the summons;
(ii) fails to remain in attendance until excused by the inspector from further attendance;
(iii) fails to lodge or produce any document referred to in the summons with the inspector,

[Subparagraph (g) inserted by section 155(b) of Act No. 45 of 2013]

is guilty of an offence and liable on conviction to a fine or to imprisonment for a period not exceeding two years or to both such fine and imprisonment.