Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 14 : OmbudsPart 2 : Recognition of industry ombud schemes199. Revocation of recognition |
| (1) | The Ombud Council may, by notice to a recognised industry ombud scheme, revoke the recognition of an industry ombud scheme— |
| (a) | if the industry ombud scheme applies for revocation; |
| (b) | on any of the bases on which it may suspend recognition, as set out in section 198(1)(b) to (g); or |
| (c) | if the scheme has ceased to function. |
| (2) | Revocation of recognition takes effect on the date of the notice in terms of subsection (1) or, if the notice specifies a later date, the later date. |
[Section 199 to take effect on 1 April 2020, per Notice No. 1130 of 2019, GG 42677, dated 30 August 2019]
