National Credit Act, 2005 (Act No. 34 of 2005)
Chapter 2 : Consumer Credit Institutions
Part D : National and provincial co-operation
37. Co-operative exercise of concurrent jurisdiction
|(a)||to co-ordinate and harmonise the functions relating to consumer credit to be performed by the National Credit Regulator and one or more provincial credit regulators; and|
|(b)||to facilitate the settlement of any dispute between the National Credit Regulator and one or more provincial credit regulators.|
|(2)||If this Act requires the provincial credit regulators to perform a particular function within their respective provinces, and—|
|(a)||within a particular province, no provincial credit regulator has been established; or|
|(b)||the Minister concludes on reasonable grounds that the provincial credit regulator within a particular province is unable to perform that function effectively,|
the Minister must consult with the responsible MEC of that province to determine the steps to be taken to ensure the fulfilment of that statutory obligation.
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