Financial Services Board Amendment Act 12 of 2000

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12 of 2000

The Financial Services Board Amendment Act 12 of 2000 intends:

  • to amend the Financial Services Board Act, 1990, so as:
    • to insert a definition;
    • to amend the provisions dealing with the functions of the Financial Services Board;
    • to make further provision for the appointment of members of the Financial Services Board and its executive;
    • to amend certain outdated provisions;
    • to repeal the provision relating to the pension rights of certain officers and employees;
    • to provide for consultation before the imposition of levies on financial institutions;
    • to repeal the provision regarding the printing of the annual report;
    • to make further provision for the provision of information and assistance to other regulatory authorities;
    • to make further provision for the limitation of liability of certain functionaries, bodies and persons;
    • to further regulate the prohibition on the use of a name or description implying a connection with the Financial Services Board;
    • to further regulate the constitution and functions of the board of appeal;
  • to provide for matters connected therewith.

Amends

Commencement

12 May 2000

 

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