Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)DeterminationsDeterminations in terms of Sections 291 and 292 of the ActNotice No. 1094 of 2020 |
Notice No. 1094
16 October 2020
GG 43810
National Treasury
The Minister of Finance has determined—
| (a) | in terms of section 291(1) of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017 - “the Act”), that until 31 March 2024, the functions of the Prudential Authority in relation to medical schemes and the associated powers and duties of the Prudential Authority in terms of the Act must be exercised by the Council for Medical Schemes instead of the Prudential Authority, but with the concurrence of the Prudential Authority, and subject to section 291(4) of the Act; and |
| (b) | in terms of section 291(2) of the Act, that until 31 March 2024, the functions of the Financial Sector Conduct Authority in relation to medical schemes and the associated powers and duties of the Financial Sector Conduct Authority in terms of the Act must be exercised by |
| (c) | in terms of section 292(1) of the Act, that until 31 March 2024, the functions of the Prudential Authority in relation to collective investment schemes, pension funds and friendly societies and the associated powers and duties of the Prudential Authority in terms of the Act must be exercised by the Financial Sector Conduct Authority instead of the Prudential Authority. |