Section 89B: No limitation for recovery
This section is inserted by Act No 12 of 2023, section 32.
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.
89B. No limitation for recovery
No law relating to the limitation of action or prescription
shall bar or affect any action of the Commission for recovery
of annual fees and charges referred to in section 22.
(o) in section 93(2), by inserting, after paragraph (aa), the
following new paragraph–
(ab) may provide for the imposition of
obligations and responsibilities of holders
of a Management licence; and
Ask juris about this section Official source
Questions this section answers
- Can the Financial Services Commission still recover unpaid annual fees no matter how much time has passed?