Section 44A: Special investigations
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.
44A. Special investigations
(1) Where the Chief Executive has reasonable cause to believe that—
(a) any person who, either as a principal or as an agent, provides,
advertises or holds himself out in any way as providing any
financial service or investment activity to the public, without a
licence or written authorisation from the Commission; or
(b) a person has committed, is committing or is likely to commit a
breach of any of the relevant Acts,
the Chief Executive may order that a special investigation be conducted into
the activity of that person.
(2) For the purpose of subsection (1), a person duly authorised in writing
by the Chief Executive as a special investigator shall have all the powers of
the Chief Executive under section 43 and section 44 (2) to (7) shall apply
with such modifications and adaptations as may be necessary.
[S. 44A inserted by s. 19 (a) of Act 27 of 2013 w.e.f. 21 December 2013.]