Act No. 45 of 2013

Act No. 45 of 2013 » Financial Services Laws General Amendment Act, 2013

Title	Act No. 45 of 2013 » Financial Services Laws General Amendment Act, 2013
Department	Parliament of the Republic of SA
Gazette	National Gazettes, No. 37237 of 16 January, 2014, 236 page(s), 1.2Mb
Act	Act No. 45 of 2013

2     No. 37237                         GOVERNMENT GAZETTE, 16 January 2014
                         Act No. 45 of 2013                Financial Services Laws General Amendment Act, 2013

GENERAL EXPLANATORY NOTE:

[]Words in bold type in square brackets indicate omissions from
                                            existing enactments.
                                            Words underlined with a solid line indicate insertions in
                                            existing enactments.

(English text signed by the President)
                                                (Assented to 14 January 2014)

ACT

To amend and update the Pension Funds Act, 1956, the South African Reserve
                         Bank Act, 1989, the Financial Services Board Act, 1990, the Long-term Insurance
                         Act, 1998, the Short-term Insurance Act, 1998, the Inspection of Financial
                         Institutions Act, 1998, the Financial Institutions (Protection of Funds) Act, 2001,
                         the Financial Advisory and Intermediary Services Act, 2002, the Collective
                         Investment Schemes Control Act, 2002, the Co-operative Banks Act, 2007, and the
                         Financial Services Laws General Amendment Act, 2008, in order to close
                         regulatory gaps, to effect improvements to certain provisions, to provide for
                         increased supervisory capabilities, to rationalise and align the supervisory
                         functions afforded to the Registrar; and to align the aforementioned Acts with the
                         Companies Act, 2008; to amend the National Payment System Act, 1998, the
                         Medical Schemes Act, 1998, and the Co-operatives Act, 2005, to the extent that
                         those laws impact on the stability of the ﬁnancial services sector and impede on a
                         holistic regulatory approach and effective supervision; and to provide for matters
                         connected therewith.

B  E IT ENACTED by the Parliament of the Republic of South Africa, as follows:—

ARRANGEMENT OF SECTIONS

Sections                                                                5

Part 1
                                           Amendment of Pension Funds Act, 1956

1.   Amendment of section 1 of Act 24 of 1956
                           2.   Amendment of section 2 of Act 24 of 1956
                           3.   Substitution of section 3 of Act 24 of 1956                     10
                           4.   Repeal of section 3B of Act 24 of 1956
                           5.   Amendment of section 4 of Act 24 of 1956
                           6.   Amendment of section 5 of Act 24 of 1956

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Act No. 45 of 2013

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