Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 15 : Financial Services TribunalPart 4 : Reconsideration of decisions234. Tribunal orders |
| (1) | In proceedings on an application for reconsideration of a decision the Tribunal may, by order— |
| (a) | set the decision aside and remit the matter to the decision-maker for further consideration; |
| (b) | in the case of a decision of any of the following kinds, also make an order setting aside the decision and substituting the decision of the Tribunal: |
| (i) | A decision in terms of Chapter 13; |
| (ii) | a decision referred to in paragraph (b) or (c) of the definition of "decision" in section 218; and |
| (iii) | a decision of a kind prescribed by Regulation for the purposes of this section; or |
| (c) | dismiss the application. |
| (2) | The Tribunal may, in exceptional circumstances, make an order that a party to proceedings on an application for reconsideration of a decision pay some or all of the costs reasonably and properly incurred by the other party in connection with the proceedings. |
| (3) | Subsections (1) and (2) are subject to any provision of a financial sector law that excludes, restricts or qualifies the orders that the Tribunal may make in proceedings for reconsideration of a decision. |
| (4) | The Tribunal may, by order, summarily dismiss an application for reconsideration of a decision if the application is frivolous, vexatious or trivial. |
| (5) | This section does not affect any other right that a person may have. |