Section 130: FSC Rules and guidelines
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.
130. FSC Rules and guidelines
(1) The Commission may, for the purposes of this Act, make rules to be
known as the FSC Rules, not inconsistent with any regulations, to give effect to this Act.
(2) The Commission may issue such guidelines as it thinks fit for the purposes of this Act.
(3) The Commission—
(a) shall, as far as is practicable, publish for consultation any FSC
Rules or guidelines that it proposes to make or issue;
(b) shall, by public notice, state where a copy of the proposed FSC
Rules or guidelines may be available for consultation by all those
concerned; or
(c) may publish in the Gazette such FSC Rules as the Commission
may determine.
(4) The Commission may exempt any person from the application of any
FSC Rule made under this Act.
[S. 130 amended by s. 49 of Act 16 of 2007 w.e.f. 28 September 2007.]
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Questions this section answers
- Does the Commission consult the public before making new FSC Rules for insurers?