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Financial Institutions Second Amendment Act, No.  104 of 1993

Long title


To amend the Insurance Act, 1943, so as to amend or delete certain definitions; to further regulate the provisions relating to the statement of assets, and relating to assets to be held by insurers; to regulate anew the duties of intermediaries in respect of the payment to insurers of moneys received in respect of premiums; to prohibit certain inducement to take out policies; to further regulate insurance by members of Lloyds;to delete the requirements in respect of licences; to amend the provisions in respect of penalties; and to further regulate the listed securities which may be taken into account as insurance assets; to amend the Pension Funds Act, 1956, so as to amend a certain definition; to further regulate the rules of pension funds; to exclude arrear contributions from deductions which are prohibited; and to further regulate certain death benefits; to amend the Friendly Societies Act, 1956, so as to amend or delete certain definitions; to amend the Unit Trusts Control Act, 1981, so as to amend certain definitions; to provide that certain existing management companies may be exempted from compliance with increases in minimum capital requirements; to provide for the inclusion of derivative instruments in a unit portfolio; to further regulate the appointment of auditors of a management company; and to regulate anew the listing of units by a stock exchange; to amend the Participation Bonds Act, 1981, so as to delete the requirement that the registrar approves the cession of rights in a participation mortgage bond where the purpose of such cession is to secure a debt; to amend the Stock Exchanges Control Act, 1985, so as to delete certain definitions; and to provide for the admission of members of a financial market referred to in the Financial Markets Control Act, 1989, to restricted membership of a stock exchange; to amend the Financial Markets Control Act, 1989, so as to define a certain expression; and to further regulate the matters included in the rules of a financial exchange; to amend the Financial Services Board Act, 1990, so as to amend a certain definition; to make further provision in relation to the disqualification of persons as members of the board; and to further regulate the annual report of the board; to amend the Safe Deposit of Securities Act, 1992, so as to amend a certain definition; and to provide for the payment of certain fees; to provide in certain of the above-mentioned Acts, for reporting to the Minister; to provide in all of the above-mentioned Acts, for the rectification of outdated references; and to provide for matters connected therewith.

Table of contents

SECTION TITLE
1. ...  [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 1 of Act 27 of 1943..."] 
2. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 4 of Act 27 of 1943..."] 
3. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 15 of Act 27 of 1943..."] 
4. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 17 of Act 27 of 1943..."] 
5. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 20bis of Act 27 of 1943..."] 
6. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 23A of Act 27 of 1943..."] 
7. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 23D of Act 27 of 1943..."] 
8. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 25 of Act 27 of 1943..."] 
9. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 29bis of Act 27 of 1943... "] 
10. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 30 of Act 27 of 1943..."] 
11. ...[... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 32 of Act 27 of 1943... "] 
12. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 51 of Act 27 of 1943..."] 
13. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 60 of Act 27 of 1943..."] 
14. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Repeal of section 61 of Act 27 of 1943..."] 
15. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Substitution of section 73 of Act 27 of 1943..."] 
16. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 76 of Act 27 of 1943..."] 
17. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 77bis of Act 27 of 1943..."] 
18. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 77quat of Act 27 of 1943..."] 
19. Amendment of First Schedule to Act 27 of 1943... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "_"] 
20. ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of Third Schedule to Act 27 of 1943..."] 
21. Amendment of section 1 of Act 24 of 1956...
22. Amendment of section 2 of Act 24 of 1956...
23. Amendment of section 9 of Act 24 of 1956...
24. Amendment of section 11 of Act 24 of 1956...
25. Amendment of section 30 of Act 24 of 1956...
26. Amendment of section 34 of Act 24 of 1956...
27. Amendment of section 37A of Act 24 of 1956...
28. Amendment of section 37C of Act 24 of 1956...
29. Amendment of section 38 of Act 24 of 1956...
30. Substitution of certain expressions in Act 24 of 1956
31. Amendment of section 1 of Act 25 of 1956...
32. Amendment of section 2 of Act 25 of 1956...
33. Amendment of section 3 of Act 25 of 1956...
34. Amendment of section 11 of Act 25 of 1956...
35. Amendment of section 38 of Act 25 of 1956...
36. Amendment of section 45 of Act 25 of 1956...
37. Amendment of section 49 of Act 25 of 1956...
38. Substitution of certain expressions in Act 25 of 1956
39. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 1 of Act 54 of 1981..."] 
40. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 3 of Act 54 of 1981..."] 
41. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 5 of Act 54 of 1981"]
42. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 6 of Act 54 of 1981..."]
43. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 11 of Act 54 of 1981"]
44. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 29 of Act 54 of 1981..."]
45. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 34 of Act 54 of 1981"]
46. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Substitution of section 35 of Act 54 of 1981"]
47. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Substitution of section 40 of Act 54 of 1981"]
48. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Substitution of section 41 of Act 54 of 1981"]
49. ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Substitution of section 45 of Act 54 of 1981..."]
50. Amendment of section 6 of Act 55 of 1981
51. Amendment of section 12 of Act 55 of 1981
52. Repeal of section 16 of Act 55 of 1981
53. Amendment of section 8 of Act 38 of 1984...
54. Repeal of section 10 of Act 38 of 1984...
55. ... [... repealed by Act 2001_028_011_20011123 - was entitled "Repeal of section 10 of Act 39 of 1984..."] 
56. Amendment of section 1 of Act 1 of 1985...
57. Amendment of section 4 of Act 1 of 1985
58. Amendment of section 7 of Act 1 of 1985...
59. Amendment of section 12 of Act 1 of 1985...
60. Amendment of section 31 of Act 1 of 1985
61. Amendment of section 42 of Act 1 of 1985...
62. Amendment of section 1 of Act 44 of 1988
63. Repeal of section 7 of Act 44 of 1988
64. Amendment of section 5 of Act 55 of 1989
65. Amendment of section 17 of Act 55 of 1989...
66. Amendment of section 18 of Act 55 of 1989
67. Amendment of section 1 of Act 97 of 1990...
68. Amendment of section 5 of Act 97 of 1990
69. Amendment of section 21 of Act 97 of 1990
70. Amendment of section 1 of Act 85 of 1992
71. Amendment of section 9 of Act 85 of 1992
72. Amendment of section 12 of Act 85 of 1992
73. Amendment of section 14 of Act 85 of 1992
74. Short title and commencement
.
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