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{
    "id": 326186,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/326186/?format=api",
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    "content": "made under this Act; and (e) (e) in making a determination in accordance with any Act applicable to it as to whether a person is fit and proper to hold office in a reporting institution, take into account any involvement, whether directly or indirectly, by that person in any non-compliance with this Act or any order, determination, instruction, directive or rule made in terms of this Act, or any involvement in any money laundering activity. (6) A supervisory body shall submit to the Centre, within such period and in such manner as the Centre may prescribe, a written report on any action taken against any reporting institution in terms of this Act or any order, determination, directive, instruction, or rule made under this Act. (7) The Centre and each supervisory body shall co-ordinate the exercising of their powers and performance of their functions under this Act to ensure consistent application of the Act, and may for such purpose; enter into a written memorandum of understanding in respect thereof. Madam Temporary Deputy Chairlady, the purpose is to give some teeth to the financial reporting centre."
}