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a12-000.pdf | 157.22 KB |
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- to amend certain outdated provisions;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