Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)

Chapter 14 : Ombuds

Part 2 : Recognition of industry ombud schemes

197. Varying conditions
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(1)The Ombud Council may, by notice to a recognised industry ombud scheme, remove or vary a condition of recognition, or add a condition.

 

(2)A variation takes effect on the date of the notice in terms of subsection (1) or, if the notice specifies a later date, the later date.

 

[Section 197 to take effect on 1 April 2020, per Notice No. 1130 of 2019, GG 42677, dated 30 August 2019]