Credit Rating Services Act, 2012 (Act No. 24 of 2012)

Chapter 7 : Enforcement Actions and Remedies

32. Offences and penalties
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Any person who—

(a)contravenes or fails to comply with section 3(2);
(b)deliberately makes a misleading, false or deceptive statement, or conceals any material fact; or
(c)in the execution of duties imposed by this Act, gives an auditor or compliance officer information which is false, misleading or conceals any material fact,

is guilty of an offence and on conviction liable to a fine or to imprisonment for a period not exceeding 10 years or to both a fine and such imprisonment.