Section 54: Financial Services Review Panel

54. Financial Services Review Panel (1) There is set up for the purposes of this Sub-part an ad hoc review panel which shall be known as the Financial Services Review Panel. (2) The Review Panel shall— (a) on application by a person aggrieved by a decision of the Enforcement Committee, review such decision; (b) have such other functions as may be conferred upon it by any relevant Act. F10 – 37 [Issue 6] Financial Services Act (3) Notwithstanding subsection (2) and for the avoidance of doubt, the Review Panel shall not hear an application relating to— (a) a decision not to grant a licence, approval, authorisation, recognition or registration for the conduct of a financial services activity under any relevant Act; (b) a decision to conduct an investigation under any relevant Act; (c) a decision under Part VII; (d) any interim decision or direction under any relevant Act; (e) a decision, or a revocation of a decision, under section 8 (3), 24 (4) or 26 (1) of the Insurance Act; (f) a decision under section 13, 27 (1), 37, 40 or 42 of the Insurance Act; (g) the suspension of a licence under section 97 of the Insurance Act; (h) the appointment of an administrator or a conservator under the Insurance Act; or (i) a decision under section 146 of the Securities Act. [S. 54 amended by s. 17 (c) of Act 14 of 2009 w.e.f. 30 July 2009.]