Mandating Procedures of Provinces Act, 2008
R 385
Friendly Societies Act, 1956 (Act No. 25 of 1956)Chapter I : Administration and Application of Act and Interpretation of Terms1A. Relationship between Act and Financial Sector Regulation Act |
| (1) | Except as otherwise provided by this Act or the Financial Sector Regulation Act, the powers and duties of the Authority in terms of this Act are in addition to the powers and duties that it has in terms of the Financial Sector Regulation Act. |
| (2) | Unless expressly provided otherwise in this Act, or this Act requires a matter to be prescribed by regulation, a reference in this Act to a matter being— |
| (a) | prescribed must be read as a reference to the matter being prescribed in a prudential standard, a conduct standard or a joint standard; or |
| (b) | determined must be read as a reference to the Authority determining the matter in writing and registering the determination in the Register. |
(3)
| (a) | A reference in this Act to the Authority announcing or publishing information or a document on a web site must be read as a reference to the Authority publishing the information or document in the Register. |
| (b) | The Authority may also publish the information or document on its website. |
| (4) | A reference in this Act to a fee prescribed by regulation must be read as a reference to the relevant fee being determined in terms of section 237 and Chapter 16 of the Financial Sector Regulation Act. |
[Section 1A(4) has not yet been commenced, per paragraph (a)(ii) of Notice 142 of 2019, GG 42314, dated 18 March 2019]
| (5) | The Authority must publish the following on the Register: |
| (a) | the registration of a society in terms of this Act and each cancellation of a registration; |
| (b) | any exemption or any withdrawal of an exemption referred to in sections 3(2) and (3), 25(1) or section 47(1)(bC); and |
| (c) | the rules of each registered friendly society, and each amendment of those rules. |
[Section 1A inserted by section 290, item 2 of Schedule 4, of Notice No. 853 of 2017 - effective 1 April 2018 (per paragraph (h) of Notice 169 of 2018)]
