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South Africa
NATIONAL LEGISLATION OVERVIEWS
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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

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repealed by Act 2017_009_290_20170822 Sch4 - was entitiled "On-site visits"]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repealed by Act 2017_009_290_20170822 Sch4 - was entitled ""]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repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Referral to enforcement committee"]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repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Enforcement committee proceedings"]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repealed by Act 2017_009_290_20170822 Sch4] - was entitled "Hearing by enforcement committee"] 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repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Determination by enforcement committee"]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repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Notification and enforcement of determination"]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repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Appeal against determination"]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repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Disclosure of determination"]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repealed by Act 2017_009_290_20170822 Sch4 - was entitled "Utilisation of administrative sanction"]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]

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