Files
| Attachment | Size |
|---|---|
| act71of1996.pdf | 531.66 KB |
71 of 1996
The Stock Exchanges Control Amendment Act 71 of 1996 intends:
- to amend the Stock Exchanges Control Act, 1985 [repealed in 2005], so as
- to insert, amend or delete certain definitions;
- to further regulate the juristic personality of a stock exchange;
- to make further provision for the separation of funds of members and other persons;
- to further regulate the board for the hearing of appeals;
- to make further provision for the sale of securities otherwise than by means of a bear sale;
- to provide for the establishment and maintenance of more than one guarantee fund;
- to further regulate the alienation of securities;
- to further regulate advertising and canvassing relating to securities;
- to make further provision for the appointment of an auditor and for accounting records and audit;
- to make further provision for inspections;
- to further regulate certain provisions relating to penalties;
- to further regulate limitation of liability; and
- to effect certain technical amendments to the text;
- to amend the Stock Exchanges Control Amendment Act, 1995, so as to further regulate restrictions on managing investments; and
- to provide for matters connected therewith.
Commencement
20 November 1996
