ACT
(Acts 13 of 2011, 15 of 2012, 7 of 2016 and 4 of 2022 and Statutory Instrument 81/2011)
Act 13 of 2011 .. in force 15 August 2011 (S.I. 81/2011)
Amended by Act 15 of 2012 .. in force 22 October 2012
Amended by Act 7 of 2016 .. in force 29 February 2016
Amended by Act 4 of 2022 .. in force 21 February 2022
ARRANGEMENT OF SECTIONS
PART 1
PRELIMINARY
| 1. | Short title and commencement |
| 2. | Interpretation |
PART 2
AUTHORITY
| 3. | Establishment of the Authority |
| 4. | Head office |
| 5. | Board of the Authority |
| 6. | Chairperson and Deputy Chairperson |
| 7. | Executive Director |
| 8. | Staff |
| 9. | Advisory committees |
| 10. | Responsibilities of the Authority |
| 11. | Objects of the Authority |
| 12. | Regulation of own procedures and other powers of the Authority |
| 13. | Powers, duties and functions of the Authority |
| 14. | Core guiding principles |
| 15. | Power to issue guidelines |
| 16. | Meetings of the Board |
| 17. | Oath of secrecy and confidentiality |
| 18. | Protection from liability |
| 19. | Declaration of interest and abstention from voting |
| 20. | Duration of appointment |
| 21. | Resignation |
| 22. | Revocation |
| 23. | Vacancy |
| 24. | Remuneration |
| 25. | Expenses of the Authority |
| 26. | Financial year, budget and plan of action |
| 27. | Accounts |
| 28. | Audit |
| 29. | Annual report |
| 30. | Power to delegate functions or powers |
| 31. | Publication by the Authority |
| 32. | Exemption from taxes etc. |
PART 3
REPORTING REQUIREMENTS, RESTRICTIONS,
EXAMINATIONS AND ENFORCEMENT
| 33. | Reporting by regulated entities |
| 34. | Auditing requirements |
| 35. | Prohibition on advertising likely to mislead |
| 36. | Disclosure and access to books and records and examination by Authority |
| 37. | Authority's powers and measures for preventing adverse consequences |
| 38. | Exchange of information |
PART 4
MISCELLANEOUS
| 39. | Fees |
| 40. | Fee for late filing |
| 41. | Debt due to the Authority |
| 42. | General penalty |
| 43. | Amendment of enactments |
| 44. | Additional powers of the Authority |
| 45. | Appeals |
| 46. | Amendment of Schedules |
| 47. | Regulations |
| 48. | Transitional |
| Schedule 1 | |
| Schedule 2 | |
| Schedule 3 | |
AN ACT to establish the Financial Services Regulatory Authority to regulate providers of financial services and to provide for related matters.
Commencement [15 August 2011]