South African Institute for Drug Free Sport Act, 1997
R 385
Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)Chapter II : Authorisation of Financial Services Providers12. Exemptions in respect of product suppliers |
| (1) | The registrar may exempt a product supplier who is authorised or approved under a particular law to conduct business as a financial institution, and who is required to apply for authorisation under section 8, from submitting some or all of the information otherwise required from an applicant: Provided that the product supplier— |
| (a) | applies for exemption when submitting the application; and |
| (b) | complies with the requirements of the registrar with regard to information still required. |
| (2) | Authorisation granted to a product supplier contemplated in subsection (1) is supplementary to, but separate from, the supplier's authorisation or approval under a particular law as a financial institution. |
