Section 79: Special provisions for Global Business
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.
79. Special provisions for Global Business
(1) Parts VIII and IX of this Act 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.
(2) The Commission may, by FSC Rules, provide for exceptions, limitations
or restrictions to any requirement under this Part with regard to an applicant for
or to any corporation holding a Global Business Licence or any class of applicant for or corporation holding a Global Business Licence.
F10 – 48 (1) [Issue 9]
Financial Services Act
PART XA – INVESTMENT BANKING
[Part XA inserted by s. 24 (d) of Act 18 of 2016 w.e.f. 7 September 2016.]