Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 15 : Financial Services TribunalPart 4 : Reconsideration of decisions232. Proceedings for reconsideration of decisions |
| (1) | In proceedings for reconsideration of a decision— |
| (a) | the procedure is, subject to the financial sector laws and the Tribunal rules, determined by the Chairperson; |
| (b) | the proceedings are to be conducted with as little formality and technicality, and as expeditiously, as the requirements of the financial sector laws and a proper consideration of the matter permit; and |
| (c) | any party may be represented by a legal representative. |
| (2) | The person chairing a panel may give directions to facilitate the conduct of proceedings for reconsideration of a decision before the panel. |
| (3) | A panel must conduct any hearing it holds in public, but the person presiding over the panel may direct that a person be excluded from a hearing on any ground on which it would be proper to exclude a person from civil proceedings before the High Court. |
| (4) | In proceedings for reconsideration of a decision, the panel is not bound by the rules of evidence, but may, subject to this section, inform itself on any relevant matter in any appropriate way. |
| (5) | The person presiding over a panel— |
| (a) | may, on good cause shown, by order, direct a specified person to appear before the panel at a time and place specified in the order to give evidence, to be questioned or to produce any document; and |
| (b) | must administer an oath to or accept an affirmation from any person called to give evidence. |
| (6) | A person giving evidence or information, or producing documents, has the protections and liabilities of a witness giving evidence in proceedings before the High Court. |