Long Term Insurance Act, 1998 (Act No. 52 of 1998)1A. Relationship between Act and Financial Sector Regulation Act |
| (1) | [Section 1A(1) deleted by section 72(1), item 3(a) of Schedule 1, of Act No. 18 of 2017, dated 18 January 2018] |
| (2) | Except as otherwise provided for in this Act or the Financial Sector Regulation Act, the powers and duties of the Authority in terms of this Act are in addition to the powers and duties that it has in terms of the Financial Sector Regulation Act. |
| (3) | A reference in this Act to the Authority determining or publishing a matter by notice in the Gazette must be read as including a reference to the Authority determining or publishing the matter by notice published in the Register. |
| (4) | Unless expressly provided otherwise in this Act, or this Act requires a matter to be prescribed by regulation, a reference in this Act to a matter being— |
| (a) | prescribed must be read as a reference to the matter being prescribed in a conduct standard or a joint standard; or |
[Section 1A(4)(a) substituted by section 72(1), item 3(b) of Schedule 1, of Act No. 18 of 2017, dated 18 January 2018]
| (b) | determined must be read as a reference to the Authority determining the matter in writing and registering the determination in the Register. |
(5)
| (a) | A reference in this Act to an on-site visit in terms of a provision of this Act must be read as a reference to a supervisory on-site inspection in terms of the Financial Sector Regulation Act. |
| (b) | A reference to an inspection in terms of a provision of this Act must be read as a reference to an investigation in terms of the Financial Sector Regulation Act. |
| (6) | The references in sections 3(3) to an appeal to the board of appeal established by section 26 of the Financial Services Board Act must be read as a reference to a reconsideration of the decision by the Tribunal in terms of the Financial Sector Regulation Act. |
[Section 1A(6) substituted by section 72(1), item 3(c) of Schedule 1, of Act No. 18 of 2017, dated 18 January 2018]
| (7) | A reference in this Act to a determined or prescribed fee must be read as a reference to the relevant fee determined in terms of section 237 and Chapter 16 of the Financial Sector Regulation Act. |
[Section 1A(7) inserted by section 290, item 2 in Schedule 4, of Act No. 2017 - has not yet commenced (paragraph (a)(ii) of Notice 142 of 2019, GG 42314, dated 18 March 2019)]
[Section 1A inserted by section 290, item 2 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]