Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 17 : MiscellaneousPart 6 : Amendments, repeals, transitional and saving provisions298. Enforcement Committee and Appeal Board |
(1)
| (a) | Despite the repeals effected in the terms of this Part— |
| (i) | the Enforcement Committee is to continue to deal with any matter that it was dealing with immediately before the date on which this Part comes into effect; and |
| (ii) | a panel of the Appeal Board is to continue to deal with any matter that it was dealing with immediately before that date. |
| (b) | The Enforcement Committee and the panels referred to in paragraph (a)(ii) continue in existence for the purposes of paragraph (a) only. |
| (2) | The Financial Sector Conduct Authority must provide administrative and other support to the Enforcement Committee and the panels. |
| (3) | For the purposes of this section, proceedings are instituted if— |
| (a) | in the case of the Enforcement Committee established in terms of section 97 of the Securities Services Act, 2004 (Act No. 36 of 2004), the pleadings envisaged in section 102(1) of that Act have been referred to the Enforcement Committee; |
| (b) | in the case of the Enforcement Committee established in terms of section 10A of the Financial Services Board Act, the pleadings envisaged in section 6B(1) of the Financial Institutions (Protection of Funds) Act, 2001 (Act No. 28 of 2001) have been delivered in terms of section 6B(2)(a) of that Act. |