Financial Markets Act, 2012 (Act No. 19 of 2012)Chapter XII : General provisionsPowers of Authority and court94. General powers of Authority |
[Section 94 heading substituted by section 290, item 67 of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective 9 February 2018 (Notice R. 99, GG 41433, dated 9 February 2018)]
| (1) | If the Authority receives a complaint, charge or allegation that a person ("the respondent") who provides securities services (whether the respondent is licensed or authorised in terms of this Act or not) is contravening or is failing to comply with any provision of this Act, or if the Authority has reason to believe that such a contravention or failure is taking place, the Authority may investigate the matter in terms of the Financial Sector Regulation Act. |
| (2) | The power of the Authority to give a regulator's directive in terms of the Financial Sector Regulation Act extends to giving such a directive in respect of an advertisement, brochure or other document relating to securities that is for any reason objectionable. |
[Section 94 substituted by section 290, item 67 of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective 9 February 2018 (Notice R. 99, GG 41433, dated 9 February 2018)]