Stock Exchanges Control Amendment Act 14 of 1998

The Stock Exchanges Control Amendment Act 14 of 1998 intends:

• to amend the Stock Exchanges Control Act, 1985 [repealed in 2005], so as
  • to amend the definition of ‘‘stock-broker’’;
  • to further regulate restrictions on the management of investments;
  • to regulate the use of the designation ‘‘stock-broker’’;
  • to delete an obsolete reference;
  • to further regulate undesirable advertising or canvassing relating to securities;
  • to dispense with the requirement that the Registrar must approve the appointment of auditors;
  • to extend the matters which may be disclosed by a stock exchange;
  • to amend certain provisions relating to penalties; and
  • to extend the limitation on the liability of certain persons to a stock exchange and clearing house; and
• to provide for matters connected therewith.

Commencement

1 June 1998 (Gazette 18943 of 29 May 1998)