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Financial Markets Control Act, 1989 (Act No. 55 of 1989)

40. Application of Act

 

 

(1) The provisions of this Act, excluding sections 3 and 38, and except in so far as the Minister may by notice in the Gazette determine otherwise, shall not affect the operation of the Stock Exchanges Control Act, 1985 (Act No. 1 of 1985), or anything duly done or suffered under the Act.

 

(2) If the Registrar deems it desirable in the public interest, he may from time to time by notice in the Gazette exempt any person or category of persons from any of or all the provisions of this Act on such conditions and to such extent as he may deem fit, and may at any time in like manner revoke or amend any such exemption.

 

(3) The application of this Act with regard to dealings in financial instruments shall not be affected by the provisions of any law or the common law relating to gambling or wagering.

[Subsection (3) added by section 29 of Act 54 of 1991]