Files
| Attachment | Size |
|---|---|
| act7of1993.pdf | 2.03 MB |
7 of 1993
The Financial Institutions Amendment Act 7 of 1993 intends:
- to amend
- the Insurance Act, 1943 [repealed in 1999],
- the Pension Funds Act, 1956,
- the Friendly Societies Act, 1956, and
- the Unit Trusts Control Act, 1981 [repealed in 2003], so as,
- in the case of every such Act,
- to extend the powers of the Minister of Finance to make regulations regarding matters in respect of which fees must be paid; and
- to make provision that overdue fees, and interest payable in respect thereof, may be recovered in a competent court;
- to amend the Participation Bonds Act, 1981 [repealed in 2003], so as to grant the Minister of Finance the power to make regulations regarding matters in respect of which fees shall be payable, and any other necessary or expedient matter;
- to amend the Inspection of Financial Institutions Act, 1984 [repealed in 1998], so as to delete a superfluous provision regarding expenses of inspections;
- to amend the Stock Exchanges Control Act, 1985 [repealed in 2005], so as
- to make provision that approvals by the Registrar of Stock Exchanges contemplated in section 4(1)(/) of the said Act, shall be effected on payment of the prescribed fees;
- to make provision that applications for the issue or renewal of stock exchanges licences shall be accompanied by the prescribed fees;
- to reduce the licence fees payable in respect of such applications;
- to make provision that applications for the granting of certificates authorizing the issue or renewal of licences for the carrying on of the business of carrier against shares shall be accompanied by the prescribed fees; and
- to extend the powers of the Minister of Finance to make regulations regarding matters in respecfof which fees must be paid;
- to amend the Financial Markets Control Act; 1989 [repealed in 2005], so as
- to make provision that approvals by the Registrar of Financial Markets contemplated in section 5(1)(1J) of the said Act, shall be effected on payment of the prescribed fees;
- to make provision that applications for the renewal of financial market licences be accompanied by the prescribed fees, and that certificates for the issue or renewalof the said licences be issued on payment of the prescribed fees; and
- to extend the powers of the Minister of Finance to make regulations regarding matters in respect of which fees must be paid; and
- to provide for matters connected therewith.
Commencement
1 June 1993 (Gazette 14847 of 1 June 1993)
