| (1) |
Any person convicted of an offence referred to in section 2(1) shall be liable to a fine not exceeding R1 000 million, or to imprisonment for a period up to imprisonment for life. |
| (2) |
Notwithstanding any other law dealing with the penal jurisdiction of the regional court. if a regional court, after it has convicted an accused of an offence referred to in section 2(1) following on— |
| (b) |
a plea of not guilty, |
but before sentence, is of the opinion that the offence in respect of which the accused has been convicted merits punishment—
| (i) |
in excess of the penal jurisdiction of the regional court but not exceeding a fine of R100 million or a period of 30 years imprisonment, the regional court shall have jurisdiction to impose such penalty even though that penalty exceeds the penal jurisdiction of that court; or |
| (ii) |
[Section 3(2)(ii) deleted by section 8(a) of Act No. 38 of 2007] |
| (3) |
[Section 3(3) deleted by section 8(b) of Act No. 38 of 2007] |
Financial Services Board Act, 1990
