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South
Africa
NATIONAL LEGISLATION OVERVIEWS
NATIONAL LEGISLATION OVERVIEWS
Financial
Markets Control Amendment Act, No. 55 of 1995
Long
title
To amend the Financial Markets Control Act, 1989, so as to amend a definition and insert a new definition; to make new provision for the management of investments; to improve the provisions with respect to the restriction on the use of a name or description implying a connection with a financial exchange; to amend the provisions relating to the issue or renewal of financial market licenses; to make new provision for the delegation of functions by the executive committee of a financial exchange and for the listing of financial instruments; to amend and improve the provisions relating to the rules of a financial exchange; to make new provision relating to the separation of property and funds received from other persons by a clearing house and members of financial exchanges; to amend the provisions relating to the constitution of the board for hearing appeals; to make new provision with respect to the right of appeal against acts of an executive committee, and undesirable advertising or canvassing relating to financial instruments; to extend the provisions relating to inspections in regard to certain unlicensed or non-approved persons or businesses; to extend the powers of the Registrar of Financial Markets to attend certain meetings; to make new provision for the disclosure of certain information by financial exchanges; to extend the powers of courts to declare certain persons disqualified in regard to certain activities regulated by the said Act; to delete the provision for certain maximum fines; to extend the powers of the Minister of Finance to make regulations; and to provide for certain limitations of liabilities; and to make provision for incidental matters.
Table of contents
Legislation Text Access Point
To amend the Financial Markets Control Act, 1989, so as to amend a definition and insert a new definition; to make new provision for the management of investments; to improve the provisions with respect to the restriction on the use of a name or description implying a connection with a financial exchange; to amend the provisions relating to the issue or renewal of financial market licenses; to make new provision for the delegation of functions by the executive committee of a financial exchange and for the listing of financial instruments; to amend and improve the provisions relating to the rules of a financial exchange; to make new provision relating to the separation of property and funds received from other persons by a clearing house and members of financial exchanges; to amend the provisions relating to the constitution of the board for hearing appeals; to make new provision with respect to the right of appeal against acts of an executive committee, and undesirable advertising or canvassing relating to financial instruments; to extend the provisions relating to inspections in regard to certain unlicensed or non-approved persons or businesses; to extend the powers of the Registrar of Financial Markets to attend certain meetings; to make new provision for the disclosure of certain information by financial exchanges; to extend the powers of courts to declare certain persons disqualified in regard to certain activities regulated by the said Act; to delete the provision for certain maximum fines; to extend the powers of the Minister of Finance to make regulations; and to provide for certain limitations of liabilities; and to make provision for incidental matters.
Table of contents
| SECTION | TITLE |
| 1. | Amendment
of section 1 of Act 55 of 1989... |
| 2. | Substitution
of section 5 of Act 55 of 1989... |
| 3. | Substitution
of section 6 of Act 55 of 1989 |
| 4. | Substitution
of section 7 of Act 55 of 1989... |
| 5. | Substitution
of section 8 of Act 55 of 1989... |
| 6. | Substitution
of section 9 of Act 55 of 1989 |
| 7. | Substitution
of section 10 of Act 55 of 1989 |
| 8. | Insertion
of section 12A in Act 55 of 1989 |
| 9. | Substitution of section 13 of Act 55 of 1989 |
| 10. | Substitution
of section 14 of Act 55 of 1989 |
| 11. | Amendment
of section 15 of Act 55 of 1989... |
| 12. | Amendment
of section 17 of Act 55 of 1989... |
| 13. | Substitution
of section 17A of Act 55 of 1989... |
| 14. | Insertion
of section 17B in Act 55 of 1989 |
| 15. | Amendment
of section 18 of Act 55 of 1989... |
| 16. | Substitution
of section 19 of Act 55 of 1989... |
| 17. | Insertion
of section 21A in Act 55 of 1989 |
| 18. | Amendment
of section 26 of Act 55 of 1989 |
| 19. | Amendment of section 27 of Act 55 of 1989 |
| 20. | Substitution
of section 28 of Act 55 of 1989 |
| 21. | Insertion
of section 28A in Act 55 of 1989 |
| 22. | Amendment
of section 29 of Act 55 of 1989 |
| 23. | Substitution
of section 30 of Act 55 of 1989 |
| 24. | Substitution
of section 31 of Act 55 of 1989 |
| 25. | Amendment
of section 36 of Act 55 of 1989... |
| 26. | Amendment
of section 37 of Act 55 of 1989... |
| 27. | Insertion
of section 37A in Act 55 of 1989 |
| 28. | Repeal
of section 39 of Act 55 of 1989 |
| 29. | Transitional
provisions |
| 30. | Extension
of application of Act 55 of 1989 |
| 31. | Short title and commencement |
Legislation Text Access Point
| Versions [To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.] |
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| As unamended Act 1995_055_000_19951004 | EXT.LINK | REQ.INFO | LINK |
| As amended by Act 1996_073_000_19961120 . | EXT.LINK | REQ.INFO | LINK |
| As amended by ... | EXT.LINK | REQ.INFO | LINK |
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