South African Institute for Drug Free Sport Act, 1997
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 8 : LicensingPart 2 : Licences required in terms of section 111(1)(b) or (2) or section 162117. Reporting obligations of licensee |
| (1) | A licensee must promptly report any of the following to the responsible authority that issued the licence: |
| (a) | The fact that the licensee has contravened or is contravening, in a material way— |
| (i) | a financial sector law; |
| (ii) | a regulator’s directive or a directive in terms of section 202; |
| (iii) | an enforceable undertaking; |
| (iv) | an order of a court made in terms of a financial sector law; or |
| (v) | a decision of the Tribunal; |
| (b) | the fact that the licensee has become aware that information given in connection with the application for the licence was false or misleading. |
| (2) | Subsection (1) also applies in relation to events and circumstances that occur while a licence is suspended. |
| (3) | Information that is reported in terms of this section is not admissible in evidence in any criminal proceedings, except in criminal proceedings for perjury. |
