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

9. Disclosure to certain affected parties

Purchase

If the registrar has reason to believe that—

a)	an offence or irregularity has been committed relating to the affairs of an institution inspected under this Act; or

b)	an institution so inspected is in an unsound financial condition,

he or she may convey any information obtained during an inspection to—

i)	any department or organ of State;

ii)	any regulatory authority;

iii)	any self-regulating association or organisation;

iv)	any statutory board charged with supervisory or regulatory duties;

v)	any shareholder, partner, member, director, auditor, accounting officer, liquidator, curator, executor or trustee of an institution inspected under this Act;

vi)	any participating employer in a pension fund organisation inspected under this Act,

if the person or entity referred to in subparagraphs (i) to (vi) is affected by, or has an interest in, such information.

[Section 9 amended by section 152 of Act No. 45 of 2013]