Cap. 590 Art. 55Sanctions on members of the body of administration of the legal entity. 

Where obligations imposed in terms of the Act or any regulations made or rules issued thereunder apply to the issuer, licence holder or to any other legal entity, in the event of a breach, sanctions can also be applied, subject to the conditions laid down in national law, to the members of the body of administration of the legal entity concerned, and to other individuals who are responsible for the breach under national law.