Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)Chapter I : Administration of Act3. General provisions concerning registrar |
| (1) | Subject to the provisions of this Act, any notice given, approval or exemption granted, determination made, requirement or condition determined or imposed, or any other decision taken by the registrar under an enabling provision of this Act, is valid only if it is reduced to a durable written or printed form or, where communicated electronically, has been correctly transmitted in a legible form. |
| (2) | Whenever the performance of any act contemplated in subsection (1) is sought by a person under this Act or any other law, application therefor must, subject to any other specific provision of this Act, be made in writing to the registrar and the application must – |
| (a) | be made in the form and manner determined by or in terms of this Act, or any other law, or as otherwise required by the registrar; |
| (b) | be accompanied by— |
| (i) | the fees payable in terms of this Act; and |
| (ii) | the information or documents required by the registrar. |
| (3) | The registrar must in connection with the application of any provision of this Act to or in respect of any financial product or financial service, consult with any regulatory or supervisory authority in the Republic, including the Registrar of Medical Schemes, referred to in section 42, who is by law empowered to perform a regulatory or supervisory function in respect of such product or service. |