Section 15: Application of Part IV
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
15. Application of Part IV
(1) Subject to subsection (3), where under any relevant Act, the conduct
of an activity is subject to the requirement of a licence, the application for
such licence shall be made in accordance with this Part.
(2) This Part shall apply, with necessary modifications and adaptations,
to the licensing of an activity under any relevant Act.
(3) Except as otherwise expressly provided under this Act, this Part shall
not apply to an application for—
(a) a licence under the Insurance Act;
(b) a Global Business Licence;
(c) a licence under the Private Pension Schemes Act; or
(d) a license under the Captive Insurance Act.
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(4) Except as otherwise expressly provided under this Act, this Part shall
not apply to a corporation holding a Global Business Licence unless the corporation also holds a licence, authorisation, approval or registration for the
conduct of a financial services activity under a relevant Act.
[S. 15 amended by s. 57 (1) (b) of Act 15 of 2012 w.e.f. 1 November 2012; s. 20 (1) (b) of
Act 32 of 2015 w.e.f. 29 January 2016.]
continued on page F10 – 13
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