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South
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NATIONAL LEGISLATION OVERVIEWS
NATIONAL LEGISLATION OVERVIEWS
Financial Institutions
(Protection of Funds) Act, No. 28 of 2001
Long title
To provide for, and consolidate the laws relating to, the investment, safe custody and administration of funds and trust property by financial institutions; to enable the registrar to protect such funds and trust property; to repeal the Financial Institutions (Investment of Funds) Act, 1984 (Act No. 39 of 1984); to improve the enforcement powers of the registrar; and to provide for matters incidental thereto.
Table of contents
Legislation Text Access Point
Long title
To provide for, and consolidate the laws relating to, the investment, safe custody and administration of funds and trust property by financial institutions; to enable the registrar to protect such funds and trust property; to repeal the Financial Institutions (Investment of Funds) Act, 1984 (Act No. 39 of 1984); to improve the enforcement powers of the registrar; and to provide for matters incidental thereto.
Table of contents
| SECTION | TITLE |
| ... [NOTE Act contains no arrangement of sections] | |
| INTRODUCTORY PROVISIONS | |
| 1. | Definitions |
| CHAPTER 1. FUNDS AND TRUST PROPERTY HELD BY FINANCIAL INSTITUTIONS | |
| 2. | Duties of persons dealing with funds of, and with trust property controlled by, financial institutions |
| 3. | Declaration of interest |
| 4. | Investment of trust property |
| CHAPTER 1A. ON-SITE VISITS | |
| 4A. | ... [...inserted by Act 2013_045_160_20140116] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitiled "On-site visits"] |
| CHAPTER 2. ENFORCEMENT | |
| 5. | Appointment of curator |
| 5A. | Statutory management [...inserted by Act 2013_045_162_20140116] |
| 6. | [sic - no title. Focus: Powers of the Registrar] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled ""] |
| 6A. | ... [...inserted by Act 2008_022_043] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Referral to enforcement committee"] |
| 6B. | ... [...inserted by Act 2008_022_043] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Enforcement committee proceedings"] |
| 6C. | ... [...inserted by Act 2008_022_043] [...repealed by Act 2017_009_290_20170822 Sch4] - was entitled "Hearing by enforcement committee"] |
| 6D. | ... [...inserted by Act 2008_022_043] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Determination by enforcement committee"] |
| 6E. | ... [...inserted by Act 2008_022_043] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Notification and enforcement of determination"] |
| 6F. | ... [...inserted by Act 2008_022_043] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Appeal against determination"] |
| 6G. | ... [...inserted by Act 2008_022_043] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Disclosure of determination"] |
| 6H. | ... [...inserted by Act 2008_022_043] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Utilisation of administrative sanction"] |
| 6I. | ... [...inserted by Act 2008_022_043] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Saving of rights"] |
| 7. | ... [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Declaration of certain practices as irregular or undesirable"] |
| 8. | [...repealed by Act 2012_019_111 Sch - was entitled "Restriction on powers of registrar"] [ repealed by Act 2013_045_172_20140116 - was entltled ...]** |
| 9. | ... [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Records and entries in books of account admissible in evidence"] |
| 9A. | ... [...inserted by Act 2013_045_173_20140116] [...repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Verification of information"] |
| 9B. | Sections 5 and 6 do not apply todesignatedinstitutions in resolution. [...inserted by Act 2021_023_020_20220128] |
| 10. | Offences |
| 11. | Repeal of laws |
| 12. | Status of footnote |
| 13. | Transitional provision |
| 14. | Short title |
| Sch. | SCHEDULE. LAWS REPEALED [s11] |
Legislation Text Access Point
| Versions [To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.] |
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| As unamended Act 2001_028_000_20011123 | EXT.LINK | REQ.INFO | LINK |
| As amended by Act 2008_022_000_20080930 . | N/A | REQ.INFO | LINK |
| As amended by Act 2012_019_000_20130201 . | N/A | REQ.INFO | LINK |
| As amended by Act 2013_045_000_20140116 . | N/A | REQ.INFO | LINK |
| As amended by Act 2017_009_000_20170822 . | N/A | REQ.INFO | LINK |
| As amended by Act 2021_023_000_20220128 . | N/A | REQ.INFO | LINK |
| As amended by ... | N/A | REQ.INFO | LINK |
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