Financial Sector Regulation Act — Part 8 | Act 9 of 2017 — South Africa law | Esheria

Financial Sector Regulation Act

Part 8 of 8 · provisions 1,401–1,463

This provision text only shows headings and the table of contents for section 4 of the Financial Sector Regulation Act, 2017.

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Jurisdiction
South Africa
Instrument
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Citation
Act 9 of 2017
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Language
en
Updated
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Ombud Council Reserve Bank concurrence account administration accountability accounting accounting authority accounting records acquisitions and disposals acting appointments administration administrative action administrative action procedures administrative law administrative penalties administrative powers administrative procedure administrative sanctions advertising alternative dispute resolution amalgamations amendment amendment to existing provision amendments annual financial statements +873 more

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Statute overview

About this statute

This provision text only shows headings and the table of contents for section 4 of the Financial Sector Regulation Act, 2017. This section is titled “Application of other legislation” and introduces the Reserve Bank’s responsibility for financial stability. Heading for section 12 on monitoring of risks by the Reserve Bank. Section 14 is titled “Determination of systemic events.” This section heading refers to directives to financial sector regulators.

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Legal text

Provisions of Financial Sector Regulation Act

Showing 63 of 1,463

Part

Chapter 17 of the Financial Sector Regu-

  1. 69

    The amendment of section 96—

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    AI-assisted research summary: This section amends section 96 so the Authority may direct a respondent to take or stop actions to fix irregularities found during a supervisory visit, inspection, or investigation.

    69. The amendment of section 96— (a) by the substitution for the heading of the section of the following heading: ‘‘Powers of [registrar] Authority after supervisory on-site [visit or] inspection or investigation’’; (b) by the substitution for the words pre- ceding paragraph (a) of the following words: ‘‘After [an] a supervisory on-site [visit or] inspection or an investiga- tion has been conducted [under sec- tion 95], the [registrar] Authority may, in order to achieve the objects of this Act referred to in section 2—’’; and (c) by the substitution for paragraph (c) of the following paragraph: ‘‘(c) direct the respondent to take any steps, or to refrain from performing or continuing to perform any act, in order to terminate or remedy any ir- regularity or state of affairs disclosed by the supervisory on-site [visit or] inspection or investigation[: Provided that the registrar may not make an order contemplated in sec- tion 6D(2)(b) of the Financial Institutions (Protection of Funds) Act.];’’. This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 573 565 Nomoro ya Molao le ngwaga Setlhogo se se khutshwane Bogolo jwa phimolo kgotsa tlhabololo (ii) avele ngembi kwanobhala ngesikhatsi nendzawo layibekile.] ngekwemibandzela ye-Financial Sector Regulation Act. (2) [Ngaphandle kwekutsi kube nemtsetfo longcubutanako, nobhala anga, uma ngabe] emandla eliGatja ekuniketa sicondziso semlawuli ngekwemibandzela ye-Financial Sector Regulation Act achubeka anikete sicondziso lesinjena ngekwesikhangiso, incwajana noma leminye imiculu lephatselene nemasheya [iyalahlekisa Noma] langanoma siphi sizatfu iyaphikiseka[, ngoba lesikhangiso, incwajana noma lomunye umsculu ungakakhishwa noma lokukhishwa kwawo kumiswe noma letio tichibiyelo njengoba nobhala akubona kufanele kwentiwe].’’.
  2. 68

    Kucitfwa kwesigaba 95.

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    AI-assisted research summary: This section amends section 95.

    68. Kucitfwa kwesigaba 95.
  3. 69

    Kuchitjiyelwa kwesigaba 96—

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    AI-assisted research summary: This section amends section 96 by changing its wording about branch powers after inspections or investigations.

    69. Kuchitjiyelwa kwesigaba 96— (a) Ngekuntjintjwa kwesihloko salesigaba ngalesihloko lesilandzelako [ngalesihloko lesilandzelako]: ‘‘Emandla [anobhala] eliGatja ngemuva kwkuphatsa kuhlolwa nobe kuphenywa kwesayithi [kwekuvakashela] kwesayithi [noma]’’; (b) Ngekuntjintjwa kwemagama lalendzela indzima (a) ngalamagama lalandzelako: ‘‘Ngemuva kwekuhlola kuphatfwa [kwekuvakashela] kwangekhatsi nobe luphenyo [noma kuhlola] se[k]lwentiwe [ngekwesigaba 95,] ngekwemibandzela yeSehluko 9 se-Financial Sector Regulation Act, [nobhala] liGatja [a]lingenta loku kute kutsi [a]lifinyelele kuletinjongo taloMtsetfo letibalwe kusigaba 2—’’; futsi (c) Ngekuntjintjwa kwendzima (c) ngalesigabga lesilandzelako: ‘‘(c) acondzise lolophendvulako kutsi atsatse noma tiphi tinyatselo, noma angasenti noma achubeke kwena noma yini, kute acedze noma alungise okungakahambi kahle noma simo setintfo letivetwe kuphatfwa kweluhlolo [ngulebebavakashele] lwangekhatsi nobe luphenyo [noma labatohlola: Uma ngabe nobhala angeke ente siphakamiso lesivetwe This gazette is also available free online at www.gpwonline.co.za
  4. 574

    No. 41060

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    AI-assisted research summary: 574 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 566 Act No. and year Short Title Extent of repeal or amendment

    574 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 566 Act No. and year Short Title Extent of repeal or amendment
  5. 70

    The repeal of section 97.

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    AI-assisted research summary: This section repeals section 97.

    70. The repeal of section 97.
  6. 71

    The amendment of section 98 by the

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    AI-assisted research summary: This section amends section 98 by adding a subsection that says section 98 does not affect Part 5 of Chapter 10 of the Financial Sector Regulation Act.

    71. The amendment of section 98 by the addition of the following subsection: ‘‘(5) This section does not affect Part 5 of Chapter 10 of the Financial Sector Regulation Act.’’.
  7. 72

    The deletion of the following head-

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    AI-assisted research summary: This provision deletes the heading “Enforcement Committee” in Chapter XII before section 99.

    72. The deletion of the following head- ing in Chapter XII preceding section 99: ‘‘Enforcement Committee’’.
  8. 73

    The repeal of section 99.

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    AI-assisted research summary: This section repeals section 99.

    73. The repeal of section 99.
  9. 74

    The amendment of section 105—

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    AI-assisted research summary: This section amends section 105 so that a person aggrieved by certain decisions can challenge them.

    74. The amendment of section 105— (a) by the substitution for subsection (1) of the following subsection: ‘‘(1) A person aggrieved by a de- cision of— (a) the [registrar]Authority under a power conferred or a duty im- posed upon the [registrar] Au- thority by or under this Act or the Financial Sector Regulation Act; (b) an exchange to refuse an appli- cation by that person to be ad- mitted as an authorised user; (c) an exchange to withdraw the authorisation of an authorised user or to direct an authorised user to terminate the access to the exchange by an officer or employee of such authorised user; (d) an exchange to defer, refuse or grant an application for the in- clusion of securities in the list or to remove securities from the list or to suspend the trading in listed securities; (e) a central securities depository to refuse an application by a person to be accepted as a participant; (f) a central securities depository to terminate the participation of a participant or to direct a partici- pant to terminate the access to the central securities depository by an officer or employee of a participant; This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 575 567 Nomoro ya Molao le ngwaga Setlhogo se se khutshwane Bogolo jwa phimolo kgotsa tlhabololo kusigaba 6D(2)(b) se-Financial Institutions (Protection of Funds) Act.];’’.
  10. 70

    Kucitfwa kwesigaba sema-97.

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    AI-assisted research summary: Section 70 is a short reference to section 97.

    70. Kucitfwa kwesigaba sema-97.
  11. 71

    Kuchitjiyelwa kwesigaba 98

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    AI-assisted research summary: This section says the amendment does not affect Part 5 of Chapter 10 of the Financial Sector Regulation Act.

    71. Kuchitjiyelwa kwesigaba 98 ngekungetwa kwalesigatjana lesilandzelako; ‘‘(5) lesigaba lesi asiyitsikabeti incenye 5 yeSehluko 10 seFinancial Sector Regulation Act.’’.
  12. 72

    Kususwa kwalesihloko

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    AI-assisted research summary: This section removes the listed heading before section 99 in Chapter XII.

    72. Kususwa kwalesihloko lesilandzelako kuSehluko XII lesandvulela sigaaba 99: ‘‘Likomidi lelicinisekisako’’.
  13. 73

    Kucitfwa kwesigaba 99.

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    AI-assisted research summary: Section 73 refers to section 99.

    73. Kucitfwa kwesigaba 99.
  14. 74

    Kuchitjiyelwa kwesigaba 105—

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    AI-assisted research summary: This section amends section 105 by replacing subsection (1) with new text about decisions and applications under the Act and the Financial Sector Regulation Act.

    74. Kuchitjiyelwa kwesigaba 105— (a) ngekuntjintjwa kwesigatjana (1) ngalesigatjana lelandzelako: ‘‘(1) Umuntfu longakaphatfwa kahle sincumo se— (a) [nobhala] liGatja ngaphasi kwemandla leliftwese wona noma umseenti lobekwe kilo yi-, nome ngaphasi kwaloMtsetfo nome i-Financial Sector Regulation Act.’’; (b) tingcoco tekuncatjelwa kwesicelo lesentiwa nguloyo muntfu sekumukelwa njengemsebentisi logunyatiwe; (c) tingcoco tekususwa kwekugunyatwa kwemsebentisi lokunyatiwe noe kucondzisa umsebentisi logunyatiwe kutsi acitse kufinyelela etingcigcweni temphatsi nome sisebenti saloyo msebentisi loguyatiwe; (d) tingcogco tekuhlehlisa, kuncabela nome kuniketa sicelo ngekubandzakanya kwemasheya lakuloluhlu nome kususa emasheya kuloluhlu nome kumisa loluhwebo kumasheya labaliwe; (e) libhange lelisemkhatsini lemasheya ngekwalela sicelo lesentiwa ngumuntfu lekufuna amukelwe njengalongenelelako; (f) libhange lelisemkhatsini lemesheya ngekucitsa kungenelela kwalongenelelako nome kucondzisa longenelelako kutsi acitse kufinyelela kulelibhange lelisemkhatsini lemasheya ngesicelo nome sisebenti salongenelelako; This gazette is also available free online at www.gpwonline.co.za
  15. 576

    No. 41060

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    AI-assisted research summary: Certain listed decisions may be taken to the Tribunal for reconsideration, and subsection (2) is deleted.

    576 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 Act No. and year Short Title Extent of repeal or amendment 568 (g) an independent clearing house or central counterparty to refuse an application by a person to be admitted as a clearing member; (h) an independent clearing house or central counterparty to withdraw the authorisation of a clearing member or to direct a clearing member to terminate the access to the independent clearing house or central counterparty by an officer or employee of such clearing member; (i) an exchange, central securities depository, independent clearing house or central counterparty to impose a penalty on an authorised user, issuer, partici- pant or clearing member of an independent clearing house or central counterparty, as the case may be, or on an officer or em- ployee of an authorised user, issuer, participant or clearing member of an independent clearing house or central counterparty[; (j) the claims officer referred to in Chapter X], may [appeal to the appeal board on the conditions determined by or under section 26 of the Financial Services Board Act and subject to this section] approach the Tribunal for a reconsideration of the deci- sion.’’; and (b) by the deletion of subsection (2).

Part

Chapter X], may [appeal to the

  1. 75

    The amendment of section 108 by

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    AI-assisted research summary: The Authority may determine fees under the Act, including who must pay them, how they are paid, and any interest on overdue fees.

    75. The amendment of section 108 by the substitution for subsection (1) of the following subsection: ‘‘(1) The [registrar] Authority may [prescribe] determine fees in respect of matters contemplated in this Act and, in relation to [such] those fees [as well as fees payable in terms of this Act], the person by whom the fee must be paid, the manner of payment thereof and, where necessary, the interest payable in respect of overdue fees.’’.
  2. 76

    The amendment of section 109 by

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    AI-assisted research summary: A person who contravenes specified sections or a prohibition by the registrar Authority commits an offence and may be fined up to R10 million or imprisoned for up to five years.

    76. The amendment of section 109 by the substitution for paragraph (c) of the following paragraph: ‘‘(c) contravenes or fails to comply with the provisions of sections 4, 7(1), 24, 25(1), 27(1), 47(1), 49A(1), 54(1), 56A(1) or a prohibition by the [registrar] Authority referred in terms of section 6(7), commits an offence and is liable on convic- tion to a fine not exceeding R10 million or to imprisonment for a period not exceeding five years, or This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 577 569 Nomoro ya Molao le ngwaga Setlhogo se se khutshwane Bogolo jwa phimolo kgotsa tlhabololo (g) indlu legunyata ngekutimela nome ligatja lelilamulako ngekuncabela sicelo lesentiwa ngumuntfu lofuna kumukelwa njengelilunga leligunyatako; (h) indlu legunyata ngekutimela nome ligatja lelilamulako ngekususa kugunyatwa kwelilunga leligunyatako nome kucondzisa lilunga leligunyatako kutsi liyewuncamula kufinyelela endlini legunyata ngekutimela nome ligatja lelilamulako ngemphatsi nome sisebenti salelo lunga leligunyatako; (i) tingcogco, libhange lelisemkhatsini lemasheya, indlu legunyata ngekutimela nome ligatja lelilamulako ngekuhlawulisa umsebentisi logunyatiwe, umsebentisi, longenelelako nome lilunga leligunyatako lendlu legunyata ngekutimela nome ligatja lelilamulako, nome kusohhovisi nome sisebenti semsebentisi logunyatiwe, loniketako, longenelelako nome lilunga leligunyatako lendlu legunyata ngekutimela nome ligatja lelilamulako; (j) sohhovisi wetikhalo lekuco- ndziswe kuye kuSehluko X, angaya enkhundleni ngekubuye- ketwa kwesincumo.’’; futsi (b) Ngekususwa kwesigatjana (2)
  3. 75

    Kuchitjiyelwa kwesigaba 108

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    AI-assisted research summary: The body referred to as liGatja may determine fees under the Act and consider who must pay, how payment is made, and any interest for late payment.

    75. Kuchitjiyelwa kwesigaba 108 Ngekushintjwa esigatjaneni (1) ngalesigatjana lesilandzelako: ‘‘(1) liGatja lingancuma timali ngekwetindzaba letibekwe kulomtsetfo phindze, ngekuyamana naleto timali umuntfu lekufuna abhadale leto timali, indlela yekubhadala, futsi lapho kufanele khona, nentalo lebhadalwa lapho timali tidlulelwe sikhatsi.’’.
  4. 76

    Kuchitjiyelwa kwesigaba 109

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    AI-assisted research summary: This section amends section 109, replacing paragraph (c) with a new offence and penalty rule.

    76. Kuchitjiyelwa kwesigaba 109 ngekuntjintjwa kundzima (c) ngalendzima lelandzelako: ‘‘(c) kuphula nome kuhluleka kulandzela lokushiwo sigaba 4, 7(1), 24, 25(1), 27(1), 49A(1), 54(1), 56A(1), nome kuvimbela lokwentiwa [ngunobhala] ligatja lekucondziswe kuko ngekwesigaba 6(7), kulicala nome ufanele kuhlawula imali lengedluli R10 tigidzi nome kuboshwa iminyaka lengedluli iminyaka lesihlanu nome This gazette is also available free online at www.gpwonline.co.za
  5. 578

    No. 41060

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    AI-assisted research summary: This fragment appears to be a Gazette table entry from the Financial Sector Regulation Act, 2017, mentioning an amendment or repeal note that refers to a fine and imprisonment.

    578 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 Act No. and year Short Title Extent of repeal or amendment 570 to both such fine and such impris- onment.’’.
  6. 77

    The amendment of section 110—

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    AI-assisted research summary: A clearing house acting as a central counterparty must follow regulatory or standards requirements and meet specified licensing and approval conditions.

    77. The amendment of section 110— (a) by the deletion of subsection (5); and (b) by the addition of the following sub- section: ‘‘(6) Despite any other provision of this Act, a clearing house per- forming the functions of a central counterparty must comply with any requirements imposed by regulations or standards, and must— (a) until 31 December 2021, be li- censed as either an associated clearing house or an independent clearing house, and be approved by the Authority, the South African Reserve Bank and the Prudential Authority, in the man- ner and form prescribed by the Authority, to perform the func- tions of a central counterparty; (b) as of 1 January 2022, be li- censed as both an independent clearing house and a central counterparty.’’.
  7. 78

    The substitution for the long title of

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    AI-assisted research summary: This section substitutes a new long title for the Act.

    78. The substitution for the long title of the following long title: ‘‘To provide for the regulation of financial markets; to license and regu- late exchanges, central securities de- positories, clearing houses, central counterparties and trade repositories; to regulate and control securities trad- ing, clearing and settlement, and the custody and administration of securi- ties; to prohibit insider trading, and other market abuses; to provide for the approval of nominees; to provide for [codes of conduct] conduct stan- dards; to replace the Securities Ser- vices Act, 2004, as amended by the Financial Services Laws General Amendment Act, 2008, so as to align this Act with international standards; and to provide for matters connected therewith.’’.
  8. 79

    The substitution for the expression

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    AI-assisted research summary: This section replaces the word “registrar” with “Authority” wherever it appears, except in sections 1(1) and 1A(1).

    79. The substitution for the expression ‘‘registrar’’, wherever it occurs, of the expression ‘‘Authority’’, except in section 1(1) and 1A(1). This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 579 571 Nomoro ya Molao le ngwaga Setlhogo se se khutshwane Bogolo jwa phimolo kgotsa tlhabololo kokubili kuhlawula kanye nako kuvalelwa.’’.
  9. 77

    Kuchitjiyelwa kwesigaba 110

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    AI-assisted research summary: The authorised house performing the controlling-body function must follow required rules and be approved as stated in the provision.

    77. Kuchitjiyelwa kwesigaba 110 (a) ngekususwa kwesigatjana (5); futsi (b) ngekungetwa kwalesigatjana lesilandzelako: ‘‘(6) Indlu legunyatako leyenta umsebentiweligatja lelilamulako kufanele ihambisane nanome ngukuphi lokudzingekile lokushiwo ngumtsetfotimiso nome lokufanele, phindze kufanele— (a) Kuze kube ngumhla tingema- 31 Ingongoni 2021, ibe isemtsetfweni ngalokuyamene nendlu legunyatako nome nendlu legunyata ngekutimela, bese igunyatwa liGatja, liBhange Ngodla laseNingizimu Afrika, liGatja lebuhlakani ngendlela lencunywe liGatja kwenta imisebenti yeligatja lelilamulako; (b) Kusuka ngamhla tingema- 22 Bhimbidvwane igunyatwe kuko kokubili njengendlu legunyata ngekutimela kanye neligatja lelilamulako.’’.
  10. 78

    Kuntjintjwa kwesihloko lesidze

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    AI-assisted research summary: This section amends the title to cover regulation of financial markets, securities trading, and related matters.

    78. Kuntjintjwa kwesihloko lesidze kufakwe lesihloko lesidze lesilandzelako: ‘‘Kuniketela kumtsetfotimiso wetimaketye tetimali; kugunyata kuphindze kulawulwe kuhwebelana, libhange lelisemkhatsini lemasheya, indlu legunyatako, emagatja lalamulako kanye neluhwebo lwetemasheya; kulawula kuhwebelana ngemasheya, kugunyata nekucedzel, nekubanjwa nekuphatfwa kwemasheya; kuvimbela kuhweba kwabangekhatsi nalokunye kuhlukumeteka kwemakethe; kuniketa ligunya lalabakhetsiwe; kuniketa nge[nchubomgomo] inchubo lefanele; kususa i-Securities Services Act, 2004 njengoba ichitjiyelwa yi- Financial Services Laws General Amendment Act, 2008, kute iyamanise lomtsetfo nemitsetfo yavelomkhe; nekuniketa ngekwetinkinga letiyamene naloko.’’.
  11. 79

    Kushintjwa kwekuvetwa nga

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    AI-assisted research summary: This section changes the word “nobhala” to “liGatja” wherever it appears, except in sections 1(1) and 1A(1).

    79. Kushintjwa kwekuvetwa nga ‘‘nobhala’’ ngekuvetwa nge ‘‘liGatja’’ nobe kukuphi lapho kuvetwe khona[.], Ngaphandle kwasesigabeni 1(1) kanye na 1A(1). This gazette is also available free online at www.gpwonline.co.za
  12. 580

    No. 41060

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    AI-assisted research summary: 580 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 Act No. and year Short Title Extent of repeal or amendment 572

    580 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 Act No. and year Short Title Extent of repeal or amendment 572
  13. 80

    The amendment of the arrangement

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    AI-assisted research summary: This section amends the arrangement of sections by inserting and substituting listed items in the schedule.

    80. The amendment of the arrangement of sections— (a) by the insertion after item 1 of the fol- lowing item: ‘‘1A. Relationship between Act and Financial Sector Regulation Act’’; (b) by the substitution for item 6 of the following item: ‘‘6. Authority’’; (c) by the insertion after item 6 of the fol- lowing items: ‘‘6A. Criteria for recognition of ex- ternal market infrastructures.
  14. 6B

    Withdrawal of recognition.

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    AI-assisted research summary: This section concerns withdrawal of recognition.

    6B. Withdrawal of recognition.
  15. 6C

    Principles of co-operation’’;

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    AI-assisted research summary: This provision amends several Chapter V headings and item titles, including licensing-related headings for clearing houses and central counterparties.

    6C. Principles of co-operation’’; (d) by the substitution for the heading in Chapter V preceding item 47 of the following heading: ‘‘Licensing of clearing house and central counterparty’’; (e) by the substitution for item 47 of the following item: ‘‘47. Application for clearing house licence and central counterparty licence’’; (f) by the substitution for item 48 of the following item: ‘‘48. Requirements applicable to applicants for clearing house licence, central counterparty licence, licenced clearing house and licensed central counterparty’’; (g) by the insertion after item 49 of the following item: ‘‘49A. Licensing of external central counterparty’’; (h) by the substitution for the heading in Chapter V preceding item 50: ‘‘Functions of licensed clearing house and licensed central counterparty’’; This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 581 573 Nomoro ya Molao le ngwaga Setlhogo se se khutshwane Bogolo jwa phimolo kgotsa tlhabololo

Part

Chapter V preceding item 50:

  1. 80

    Kuchitjiyelwa kwendlela yekuhlelwa

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    AI-assisted research summary: This section rearranges the structure of section headings by inserting new items, substituting one heading, and adding another heading.

    80. Kuchitjiyelwa kwendlela yekuhlelwa kwetigaba— (a) ngekufakwa kwaloluhlavu lolulandzelako ngemuva kweluhlavu 1: ‘‘1A. Budlelwane emkhatsini weMtsetfo kanye neMtsetfosimiso weMkhakha weteMnotfo’’; (b) ngekuntjintja luhlavu 6 ngaloluhlavu lolulandzelako: ‘‘6. liGatja’’; (c) ngekufakwa kwaletinhlavu letilandzelako ngemuva kweluhlavu 6: ‘‘6A. Luhlelo lekwatiwa kwesakhiwonchanti semakethe yangaphandle.
  2. 6B

    Kusulwa kwekwatiwa.

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    AI-assisted research summary: Section 6B is titled “Kusulwa kwekwatiwa.”

    6B. Kusulwa kwekwatiwa.
  3. 6C

    Tinchubo tekuncedzisa’’;

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    AI-assisted research summary: This section amends Chapter V by changing several headings and replacing or adding sections about licensing and operation of licensed main and branch commercial offices, including a foreign branch office.

    6C. Tinchubo tekuncedzisa’’; (d) ngekuntjintja sihloko kuSehluko V lesandvulela luhlavu 47 ngalesihoko lesilandzelako: ‘‘kufakwa emtsetfweni kwendlu legunyatako kanye neligatha letekuhweba lelisemkhatsini’’; (e) ngekuntjintja luhlavu 47 ngaloluhlavu lolulandzelako: ‘‘47. Sicelo selayisensi yendlu legunyatako kanye nelayisensi yeligatja letekuhweba lelisemkhatsini’’; (f) ngekuntjintja luhlavu 48 ngaloluhlavu lolulandzelako: ‘‘48. Lokudzingekile lokusetjentiswako kulabafaka ticelo telayisensi yendlu legunyatako, ligatja letekuhweba lelisemkhatsini, indlu legunyatiwe lesemtsetfweni kanye neligatja letekuhweba lelisemkhatsini lelisemtsetfweni’’; (g) ngekufakwa kwaloluhlavu lolulandzelako ngemuva kweluhlavu 49: ‘‘49A. Kufakwa emtsetfweni kweligatja letekuhweba lelisemkhatsini langaphandle’’; (h) ngekuntjintja sihloko kuSehluko V lesandvulela luhlavu 50 : ‘‘Imisebenti yendlu legunyatako lesemtsetfweni kanye neligatja letekuhweba lelisemkhatsini lelisemtsetfweni’’; This gazette is also available free online at www.gpwonline.co.za
  4. 582

    No. 41060

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    AI-assisted research summary: This section changes several listed items and headings in the Act, including replacing items 50, 63, 69, 74, 75, 84, 94 and 96, adding item 56A, and deleting the heading “Enforcement Committee”.

    582 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 Act No. and year Short Title 574 Extent of repeal or amendment (i) by the substitution for item 50 of the following item: ‘‘50. Functions of licensed clearing house and licensed central counterparty, and power of Au- thority to assume responsibility for functions’’; (j) by the insertion after item 56 of the following item: ‘‘56A. Licensing of external trade repository’’; (k) by the substitution for item 63 of the following item: ‘‘63. Demutualisation of exchange, central securities depository, independent clearing house or central counterparty’’; (l) by the substitution for item 69 of the following item: ‘‘69. Report to Authority’’; (m) by the substitution for the heading of Chapter VIII of the following heading: ‘‘CHAPTER VIII CONDUCT STANDARDS’’; (n) by the substitution for item 74 of the following item: ‘‘74. Conduct standards for regulated persons’’; (o) by the substitution for item 75 of the following item: ‘‘75. Principles for Conduct stan- dards’’; (p) by the substitution for item 84 of the following item: ‘‘84. Additional powers of Author- ity’’; (q) by the substitution for the heading in Chapter XII preceding section 94 of the following heading: ‘‘Powers of Authority and court’’; (r) by the substitution for item 94 of the following item: ‘‘94. General powers of Authority’’; (s) by the substitution for item 96 of the following item: ‘‘96. Powers of Authority after su- pervisory on-site inspection or investigation’’; and (t) by the deletion of the following heading in Chapter XII preceding item 99: ‘‘Enforcement Committee’’. This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 583 575 Nomoro ya Molao le ngwaga Setlhogo se se khutshwane Bogolo jwa phimolo kgotsa tlhabololo (i) ngekuntjintja luhlavu 50 ngaloluhlavu lolulandzelako: ‘‘50. Imisebenti yendlu legunyatako lesemtsetfweni kanye neligatja letekuhweba lelisemkhatsini lelisemtsetfweni, kanye nemandla eliGatja kwentela kucalisa tidzingo temisebenti’’; (j) ngekufakwa kwaloluhlavu lolulandzelako ngemuva kweluhlavu 56: ‘‘56A. Kufakwa emtsetfweni kwelibhange letekucopha lelisemkhatsini’’; (k) ngekuntjintja luhlavu 63 ngaloluhlavu lolulandzelako: ‘‘63. Kuguculwa kwebuniyo kuteluhwebo, libhange lemasheya lelisemkhatsini, indlu legunyatako letimele nome ligatja letekuhweba lelisemkhatsini’’; (l) ngekuntjintja luhlavu 69 ngaloluhlavu lolulandzelako: ‘‘69. Bika kuliGatja’’; (m) ngekuntjintjwa kwesihloko seSehluko VIII ngalesihloko lesilandzelako: ‘‘SEHLUKO VIII UMTSETFO WENCHUBO’’; (n) ngekuntjintja luhlavu 74 ngaloluhlavu lolulandzelako: ‘‘74. Imitsetfo yenchubo yebantfu labalawulwako’’; (o) ngekuntjintja luhlavu 75 ngaloluhlavu lolulandzelako: ‘‘75. Timiso temtsetfo weNchubo’’; (p) ngakuntjintja luhlavu 84 ngaloluhlavu lolulandzelako: ‘‘84. Emandla lengetiwe eliGatja’’; (q) ngekuntjintjwa kwesihloko kuSehluko XII lesandvulela sigaba 94 ngalesihloko lesilandzelako: ‘‘Emandla eliGatja nenkantolo’’; (r) ngekuntjintja luhlavu 94 ngaloluhlavu lolulandzelako: ‘‘94. Emandla jikelele eliGatja’’; (s) ngekuntjintja luhlavu 96 ngaloluhlavu lolundzelako: ‘‘96. Emandla eligatja ngemuva kwelucwaningo lolulawulwako kusayithi nome luphenyo’’; futsi (t) ngekususwa kwalesihloko lesilandzelako kuSehluko XII lesandvulela luhlavu 99: ‘‘kuciniswa kwekomidi’’. This gazette is also available free online at www.gpwonline.co.za

Part

Chapter XII preceding section 94 of

  1. 584

    No. 41060

    Verify source ↗

    AI-assisted research summary: This section appears to be a heading about the extent of repeal or amendment relating to the Credit Rating Services Act, 2012.

    584 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 Short Title Act No. and year Act No. 24 of 2012 Credit Rating Services Act, 2012 576 Extent of repeal or amendment
  2. 1

    The amendment of section 1—

    Verify source ↗

    AI-assisted research summary: This section amends section 1 by adding and removing several definitions.

    1. The amendment of section 1— (a) by the insertion in subsection (1) after the definition of ‘‘associate’’ of the following definition: ‘‘ ‘Authority’ means the Financial Sector Conduct Authority estab- lished in terms of section 56 of the Financial Sector Regulation Act;’’; (b) by the insertion in subsection (1) after the definition of ‘‘Companies Act’’ of the following definition: ‘‘ ‘conduct standard’ has the same meaning ascribed to it in terms of section 1(1) of the Financial Sector Regulation Act;’’; (c) by the deletion in subsection (1) of the definition of ‘‘deputy registrar’’; (d) by the insertion in subsection (1) after the definition of ‘‘external credit rating agency’’ of the following definition: ‘‘ ‘Financial Sector Regulation Act’ means the Financial Sector Regulation Act, 2017;’’; (e) by the deletion in subsection (1) of the definitions of ‘‘Financial Services Board Act’’, ‘‘FSB official web site’’ and ‘‘prescribe’’; (f) by the insertion in subsection (1) after the definition of ‘‘rating category’’ of the following definition: ‘‘ ‘Register’ means the Financial Sector Information Register referred to in section 256 of the Financial Sector Regulation Act;’’; (g) by the deletion in subsection (1) of the definition of ‘‘registrar’’; (h) by the insertion in subsection (1) after the definition of ‘‘this Act’’ of the fol- lowing definition: ‘‘ ‘Tribunal’ means the Financial Services Tribunal established in terms of section 219 of the Financial Sector Regulation Act;’’; and This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 585 Nomoro ya Molao le ngwaga Mulayo wa nomboro ya. 24 wa 2012 Setlhogo se se khutshwane Mulayo wa zwa Tshumelo dza u Kala Zwikolodo, 2012 577 Bogolo jwa phimolo kgotsa tlhabololo
  3. 1

    U khwin

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    AI-assisted research summary: This section amends the definitions in section 1, including adding a definition for the Financial Sector Regulation Act and removing several existing terms.

    1. U khwin ˆ iswa ha khethekanyo ya vhu 1— (a) nga u dzhenisa kha khethekanyo thukhu ya vhu (1) nga murahu ha ˆ thalutshedzo ya ipfi ‘‘mushumisani’’ ˆ hu tshi khou dzheniswa tevhelaho: thalutshedzo i ˆ alanga a Vhud ˆ alanga’ zwi amba ifari kha ‘‘ ‘Maand ˆ Maand ˆ Sekithara ya Masheleni o thomiwaho hu tshi khou tevhedzwa khethekanyo ya vhu 56 ya Mulayo wa Financial Sector Regulation Act;’’; (b) nga u dzhenisa kha khethekanyo thukhu ya vhu (1) nga murahu ha ˆ thalutshedzo ya ipfi ‘‘Mulayo wa zwa ˆ Dzikhamphani’’ hu tshi khou dzheniswa tandadi tsha vhud ‘‘ ‘tshi ˆ ˆ i li na li ˆ ˆ yo vhofhekanywaho na ipfi i nga khethekanyo ya vhu 1(1) ya Mulayo wa Financial Sector Regulation Act;’’; thalutshedzo i tevhelaho: ˆ ifari’ ipfi thalutshedzo ine ya fana na ˆ li u ya ˆ (c) nga u thutha kha khethekanyo thukhu ˆ ya vhu (1) hu tshi khou thuthwa thalutshedzo ya ipfi ‘‘muthusare- ˆ tra’’; dzhis ˆ (d) nga u dzhenisa kha khethekanyo thukhu ya vhu (1) nga murahu ha ˆ thalutshedzo ya ipfi ‘‘zhendedzi ˆ kala zwikolodo dzheniswa la nnd ˆ ˆ a’’ hu tshi khou la u ˆ thalutshedzo i tevhelaho: ˆ ‘‘ ‘Mulayo wa Financial Sector Regulation Act’ zwi amba Mulayo wa Financial Sector Regulation Act, 2017;’’; (e) nga u thutha kha khethekanyo thukhu ˆ ya vhu (1) hu tshi thuthwa thalutshedzo ˆ ya maipfi ‘‘Mulayo wa Bodo ya Tshumelo dza zwa Masheleni’’, ‘‘webusaithi ya tshiofisi ya Bodo ya Tshumelo dza zwa Masheleni (FSB)’’ na ipfi ‘‘u randela’’; (f) nga u dzhenisa kha khethekanyo thukhu ˆ ya vhu (1) nga murahu ha thalutshedzo ˆ ya ipfi ‘‘khethekanyo ya u kala’’ hu tshi dzheniswa thalutshedzo i tevhelaho: ˆ tara’ zwi amba ˆ tara ya Mafhungo a ˆ ‘‘ ‘Redzhisi Redzhisi Sekithara ya zwa Masheleni yo ambiwaho kha khethekanyo ya vhu 256 ya Mulayo wa Financial Sector Regulation Act;’’; (g) nga u thutha kha khethekanyo ya vhu (1) hu tshi thuthwa ya ipfi ‘‘redzhis thukhu ˆ thalutshedzo ˆ (h) nga u dzhenisa kha khethekanyo thukhu ya vhu (1) nga murahu ha ˆ thalutshedzo ya ipfi ‘‘uyu Mulayo’’ hu ˆ tra’’; ˆ This gazette is also available free online at www.gpwonline.co.za
  4. 586

    No. 41060

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    AI-assisted research summary: Words and expressions not defined in subsection (1) keep the meaning given by the Financial Sector Regulation Act, unless the context indicates otherwise.

    586 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 Act No. and year Short Title 578 Extent of repeal or amendment (i) by the addition of the following subsec- tion: ‘‘(7) Unless the context otherwise indicates, words and expressions not defined in subsection (1) have the same meaning ascribed to them in terms of the Financial Sector Regula- tion Act.’’.
  5. 2

    The insertion after section 1 of the

    Verify source ↗

    AI-assisted research summary: This section changes how certain references in the Act must be read, including references to the registrar, Gazette notices, prescribed matters, determinations, and on-site visits.

    2. The insertion after section 1 of the following sections: ‘‘Relationship between Act and Finan- cial Sector Regulation Act 1A. (1) A reference in this Act to the registrar must be read as a reference to the Authority. (2) Except as otherwise provided by this Act or the Financial Sector Regula- tion Act, the powers and duties of the Authority in terms of this Act are in ad- dition to the powers and duties that it has in terms of the Financial Sector Regulation Act. (3) A reference in this Act to the Au- thority determining or publishing a mat- ter by notice in the Gazette must be read as including a reference to the Authority determining or publishing the matter by notice published in the Register. (4) Unless expressly provided other- wise in this Act, or this Act requires a matter to be prescribed, a reference in this Act to a matter being— (a) prescribed must be read as a refer- ence to the matter being prescribed in a conduct standard; or (b) determined must be read as a refer- ence to the Authority determining the matter in writing and registering the determination in the Register. (5) A reference in this Act to an on- site visit in terms of a provision of this Act must be read as a reference to a su- pervisory on-site inspection in terms of the Financial Sector Regulation Act. This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 587 579 Nomoro ya Molao le ngwaga Setlhogo se se khutshwane Bogolo jwa phimolo kgotsa tlhabololo tshi dzhineswa tevhelaho: thalutshedzo i ˆ ‘‘ ‘Khothe’ zwi amba Khothe ya Tshumelo dza zwa Masheleni ‘ u ya nga khethekanyo ya vhu 219 ya Mulayo wa Financial Sector Regulation Act;’’; na (i) nga u engedza khethekanyo thukhu i ˆ tevhelaho; ‘‘(7) Nga nnd ˆ a ha musi zwo ila, maipfi sumbedzwa nga in˙ we nd ˆ na kuambele hu songo talutshe- ˆ dzwaho kha khethekanyo thalutshedzo kana zwine a vhu (1) ˆ amba zwi fana na zwe zwa vhofhe- kanywa nazwo u ya nga Mulayo wa Financial Sector Regulation Act.’’ thukhu ya ˆ
  6. 2

    U dzheniswa nga murahu ha

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    AI-assisted research summary: This section explains how parts of this Act are to be read together with the Financial Sector Regulation Act and how certain notices or references should be understood.

    2. U dzheniswa nga murahu ha khethekanyo ya vhu 1 ya khethekanyo dzi tevhelaho: ‘‘Vhushaka vhukati ha Mulayo na Mulayo wa Financial Sector Regulation Act 1A. (1) Kha uyu Mulayo musi hu tshi alanga u ya nga uno Mulayo ndi u ambiwa nga redzhis tra hu vha hu khou ˆ alanga. ambiwa Maand ˆ a ha musi zwo vhetshelwa (2) Nga nnd ˆ ila nga uno Mulayo kana nga in˙ we nd ˆ Mulayo wa Financial Sector Regulation a na mishumo zwa Act, maand ˆ Maand ˆ tou engedza maand ˆ Maand ˆ Financial Sector Regulation Act. (3) Kha uno Mulayo Maand ˆ alanga a adza fhungo nga ivhadzo kha Gazete zwi tea u vhalwa lavhelesaho kana u and ˆ nd ˆ zwi tshi katela Maand alanga a ˆ adza fhungo lavhelesaho kana ane a and ˆ tara. ivhadzo kha Redzhisi nga nd ˆ ˆ a ha musi zwo vhetshelwa alanga u ya nga Mulayo wa a na mishumo zwa (4) Nga nnd ˆ a fhungo kha uno Mulayo, kana uno Mulayo u tshi li tshi randelwa, zwo ˆ ambiwaho kha uyu Mulayo kha fhungo line ˆ (a) randelwa tod ˆ ˆ la khou— ˆ li tea u vhalwa sa zwo ˆ ambiwaho kha fhungo randelwa kha tshi vhud ˆ (b) tiwa ifari; kana li tea u vhalwa na zwine zwa ˆ alanga a line ˆ tandadi tsha ˆ la khou ˆ khou ambiwa kha Maand ˆ lavhelesaho fhungo nga u tou n˙ wala na u n˙ walisa ndavheleso kha Redzhisi (5) Zwi ambiwaho kha uno Mulayo zwi tshi kwama u dalela hune ha khou shun˙ wa hone hu tshi tevhedzwa mbetshelo ya uno Mulayo zwi tea u tara. ˆ This gazette is also available free online at www.gpwonline.co.za
  7. 588

    No. 41060

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    AI-assisted research summary: This section says certain references in the Act must be understood differently, and it lets the Authority also publish information or documents on its website.

    588 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 Act No. and year Short Title Extent of repeal or amendment 580 (6) A reference in this Act to an in- spection in terms of a provision of this Act must be read as a reference to an investigation in terms of the Financial Sector Regulation Act. (7) (a) A reference in this Act to the Authority announcing or publishing in- formation or a document on a web site must be read as a reference to the Au- thority publishing the information or document in the Register. (b) The Authority may also publish the information or document on its web site. (8) A reference in this Act to a pre- scribed fee must be read as a reference to the relevant fee determined in terms of section 237 and Chapter 16 of the Financial Sector Regulation Act. (9) A reference in this Act to a review of a decision of the Authority must be read as a reference to a reconsideration of the decision by the Tribunal in terms of the Financial Sector Regulation Act. Regulatory instruments
  8. 1B

    For the purposes of the definition

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    AI-assisted research summary: For this definition, a matter prescribed by the Authority counts as a “regulatory instrument” if the Act specifically requires Gazette notice for it.

    1B. For the purposes of the definition of ‘‘regulatory instrument’’ in sec- tion 1(1) of the Financial Sector Regula- tion Act, any matter prescribed by the Authority in respect of which notice in the Gazette is specifically required by this Act is a regulatory instrument.’’.
  9. 3

    The amendment of section 5(1) by the

    Verify source ↗

    AI-assisted research summary: This section amends section 5(1)(e) so it refers to the application fee prescribed by the registrar.

    3. The amendment of section 5(1) by the substitution for paragraph (e) of the follow- ing paragraph: ‘‘(e) the application fee prescribed [by the registrar]; and’’.
  10. 4

    The repeal of sections 21 and 22.

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    AI-assisted research summary: This section repeals sections 21 and 22.

    4. The repeal of sections 21 and 22.
  11. 5

    The deletion in section 23(1) of para-

    Verify source ↗

    AI-assisted research summary: This section deletes paragraphs (c), (e) and (h) from section 23(1) and says certain references in the Act must be read as references under the Financial Sector Regulation Act.

    5. The deletion in section 23(1) of para- graphs (c), (e) and (h). This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 589 581 Nomoro ya Molao le ngwaga Setlhogo se se khutshwane Bogolo jwa phimolo kgotsa tlhabololo vhalwa sa zwo ambiwaho nga vhulavhelesi ha fhethu hune ha khou shumelwa hone u ya nga Mulayo wa Financial Sector Regulation Act. (6) Zwi ambiwaho kha uyu Mulayo malugana na nyingamelo hu tshi khou tevhedzwa mbetshelo ya uyu Mulayo zwi tea u vhalwa sa zwi ambiwaho malugana na tsedzuluso u ya nga Mulayo wa Financial Sector Regulation Act. (7) (a) Kha uno Mulayo Maand ˆ adza ivhadza kana u and ˆ lin˙ walwa kha webusaithi ˆ alanga a alanga adzaho mafhungo kana ane a d ˆ mafhungo kana a tea u vhalwa sa Maand ˆ and ˆ tara. Redzhisi ˆ (b) Maand ˆ mafhungo kana yao. alanga a nga and ˆ lin˙ walwa kha webusaithi ˆ adza-vho lin˙ walwa kha ˆ (8) Kha uno Mulayo mbadelo yo randelwaho i tea u vhalwa sa zwo ambiwaho kha mbadelo yo teaho yo tiwaho u ya nga khethekanyo ya vhu 237 na Ndima ya 16 ya Mulayo wa Financial Sector Regulation Act. (9) Zwi ambiwaho kha uno Mulayo u alanga zwi tea u tola tsheo ya Maand ˆ ˆ vhalwa sa u lavheleswa hafhu ha tsheo yo dzhiiwaho nga Khothe u ya nga Mulayo wa Financial Sector Regulation Act.’’. Zwishumiswa zwa ndangulo
  12. 1B

    Hu tshi itelwa ndivho dza

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    AI-assisted research summary: This section appears to define a term for interpretation under the Financial Sector Regulation Act.

    1B. Hu tshi itelwa ndivho dza thalutshedzo ya ‘‘tshishumiswa tsha ˆ ndangulo’’ kha khethekanyo ya vhu 1(1) ya Mulayo wa Financial Sector Regulation Act, tshin˙ we na tshin˙ we tsho alanga malugana randelwaho nga Maand ˆ na nd wa nga tod ˆ ˆ ˆ uyu Mulayo une wa vha wone u langulaho.’’. ivhadzo kha Gazete zwi
  13. 3

    U khwin

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    AI-assisted research summary: This section amends section 5(1) by replacing wording in paragraph (e) with a phrase referring to a prescribed fee.

    3. U khwin ˆ iswa ha khethekanyo ya vhu 5(1) nga u imelwa kha khethekanyo thukhu ˆ kha phara ya (e) ya phara i tevhelaho: ‘‘(e) mbadelo yo randelwaho ya u ita tra]; na’’. khumbelo [nga redzhis ˆ
  14. 4

    U fheliswa ha khethekanyo dza vhu

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    AI-assisted research summary: This section repeals sections 21 and 22.

    4. U fheliswa ha khethekanyo dza vhu 21 na 22.
  15. 5

    U thutha kha khethekanyo ya vhu

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    AI-assisted research summary: This section removes paragraphs (c), (e) and (h) from section 23(1).

    5. U thutha kha khethekanyo ya vhu 23(1) ya phara dza (c), (e) na (h). This gazette is also available free online at www.gpwonline.co.za
  16. 590

    No. 41060

    Verify source ↗

    AI-assisted research summary: This excerpt is a gazette table fragment for the Financial Sector Regulation Act, 2017 and does not state an operative rule.

    590 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 Act No. 9 of 2017 Financial Sector Regulation Act, 2017 Act No. and year Short Title Extent of repeal or amendment 582
  17. 6

    The amendment of section 24—

    Verify source ↗

    AI-assisted research summary: This section amends section 24 so that conduct standards for credit rating agencies may be made on listed matters.

    6. The amendment of section 24— (a) by the substitution in subsection (1) for the words preceding paragraph (a) of the following words: ‘‘A conduct standard for or in re- spect of credit rating agencies may be made on any of the following matters:’’; and (b) by the substitution in subsection (2) for the words preceding paragraph (a) of the following words: ‘‘The [rules] conduct standards con- templated in subsection (1) may—’’.
  18. 7

    The deletion in section 24 of subsec-

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    AI-assisted research summary: This section deletes subsections (3) and (4) from section 24.

    7. The deletion in section 24 of subsec- tions (3) and (4).
  19. 8

    The repeal of sections 25, 26, 27, 28,

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    AI-assisted research summary: This section repeals sections 25, 26, 27, 28, 30, 31 and 33.

    8. The repeal of sections 25, 26, 27, 28, 30, 31 and 33.
  20. 9

    The deletion in section 34 of subsec-

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    AI-assisted research summary: This provision deletes subsection (2) of section 34.

    9. The deletion in section 34 of subsec- tion (2).
  21. 10

    Amendment of the arrangement of

    Verify source ↗

    AI-assisted research summary: This provision amends the section arrangement by inserting item 1A, titled “Relationship between Act and Financial Sector Regulation Act.”

    10. Amendment of the arrangement of sections by the insertion after item 1 of the following items: ‘‘1A. Relationship between Act and Financial Sector Regulation Act
  22. 1B

    Regulatory instruments’’.

    Verify source ↗

    AI-assisted research summary: This section is a heading about regulatory instruments and notes that the gazette is available free online.

    1B. Regulatory instruments’’. This gazette is also available free online at www.gpwonline.co.za Molao wa Taolo ya Lephata la Ditshelete , 2017 Nmr 9 ya 2017 GOVERNMENT GAZETTE, 22 AUGUST 2017 No. 41060 591 583 Nomoro ya Molao le ngwaga Setlhogo se se khutshwane Bogolo jwa phimolo kgotsa tlhabololo
  23. 6

    U khwin

    Verify source ↗

    AI-assisted research summary: This section amends section 24 by substituting specified wording in two places.

    6. U khwin ˆ iswa ha khethekanyo ya vhu 24— (a) nga u imelwa kha khethekanyo thukhu ˆ ya vhu (1) ya maipfi a rangelwaho nga phara ya (a) ya maipfi a tevhelaho: tandadi tsha vhud ˆ ˆ ‘‘Tshi malugana na mazhendedzi a u kala zwikolodo tshi nga itwa kha mafhungo a tevhelaho:’’; na (b) nga u imelwa kha khethekanyo ifari kha kana ya vhu (2) kha maipfi a rangelaho phara ya (a) ya maipfi a tevhelaho: tandadi tsha vhud ‘‘[milayo] tshi ˆ ˆ tsho ambiwaho kha khethekanyo thukhu ya vhu (1) tshi nga—’’. ˆ thukhu ˆ ifari
  24. 7

    U thutha kha khethekanyo ya vhu 24

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    AI-assisted research summary: This section refers to the removal of subsections (3) and (4) of section 24.

    7. U thutha kha khethekanyo ya vhu 24 thukhu dza vhu (3) na (4). ˆ ya khethekanyo
  25. 8

    U fheliswa ha khethekanyo dza vhu

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    AI-assisted research summary: This section ends sections 25, 26, 27, 28, 30, 31, and 33.

    8. U fheliswa ha khethekanyo dza vhu 25, 26, 27, 28, 30, 31 na 33.
  26. 9

    U thuthwa kha khethekanyo ya vhu 34

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    AI-assisted research summary: This provision says section 34(2) is thuthwa.

    9. U thuthwa kha khethekanyo ya vhu 34 ya khethekanyo thukhu ya vhu (2). ˆ
  27. 10

    U khwin

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    AI-assisted research summary: This section appears to insert a new section after section 1A about the relationship between the Act and the Financial Sector Regulation Act.

    10. U khwin ˆ iswa ha nzudzanyo ya khethekanyo nga u dzhenisa tshiten˙ wa tshi tevhelaho nga murahu ha zwiten˙ wa zwa: ‘‘1A. Vhushaka vhukati ha Mulayo na Mulayo wa Financial Sector Regulation Act
  28. 1B

    Zwishumiswa zwa ndangulo’’.

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    AI-assisted research summary: Section heading: “Zwishumiswa zwa ndangulo”.

    1B. Zwishumiswa zwa ndangulo’’. This gazette is also available free online at www.gpwonline.co.za
  29. 592

    No. 41060

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    AI-assisted research summary: Gazette header/footer information only; no substantive rule appears in the text provided.

    592 No. 41060 GOVERNMENT GAZETTE, 22 AUGUST 2017 This gazette is also available free online at www.gpwonline.co.zaPrinted by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001Contact Centre Tel: 012-748 6200. eMail: info.egazette@gpw.gov.zaPublications: Tel: (012) 748 6053, 748 6061, 748 6065

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