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Financial Institutions Amendment Act (No. 7 of 1993)

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To amend the Insurance Act, 1943, the Pension Funds Act, 1956, the Friendly Societies Act, 1956, and the Unit Trusts Control Act, 1981, so as, in the case of every such Act, to extend the powers of the Minister of Finance to make regulations regarding matters in respect of which fees must be paid; and to make provision that overdue fees, and interest payable in respect thereof, may be recovered in a competent court; to amend the Participation Bonds Act, 1981, so as to grant the Minister of Finance the power to make regulations regarding matters in respect of which fees shall be payable, and any other necessary or expedient matter; to amend the Inspection of Financial Institutions Act, 1984, so as to delete a superfluous provision regarding expenses of inspections; to amend the Stock Exchanges Control Act, 1985, so as to make provision that approvals by the Registrar of Stock Exchanges contemplated in section 4 (1) ( f ) of the said Act, shall be effected on payment of the prescribed fees; to make provision that applications for the issue or renewal of stock exchanges licences shall be accompanied by the prescribed fees; to reduce the licence fees payable in respect of such applications; to make provision that applications for the granting of certificates authorizing the issue or renewal of licences for the carrying on of the business of carrier against shares shall be accompanied by the prescribed fees; and to extend the powers of the Minister of Finance to make regulations regarding matters in respect of which fees must be paid; to amend the Financial Markets Control Act, 1989, so as to make provision that approvals by the Registrar of Financial Markets contemplated in section 5 (1) (h) of the said Act, shall be effected on payment of the prescribed fees; to make provision that applications for the renewal of financial market licences be accompanied by the prescribed fees, and that certificates for the issue or renewal of the said licences be issued on payment of the prescribed fees; and to extend the powers of the Minister of Finance to make regulations regarding matters in respect of which fees must be paid; and to provide for matters connected therewith. 1. . . . . . . [S. 1 repealed by s. 73 of Act No. 52 of 1998.]

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