| (1) | The Minister must consult with the responsible MEC of any province concerned— |
| (a) | to co-ordinate and harmonise the functions relating to consumer credit to be performed by the National Credit Regulator and one or more provincial credit regulators; and |
| (2) | If this Act requires the provincial credit regulators to perform a particular function within their respective provinces, and— |
| (a) | within a particular province, no provincial credit regulator has been established; or |
| (b) | the Minister concludes on reasonable grounds that the provincial credit regulator within a particular province is unable to perform that function effectively, |
the Minister must consult with the responsible MEC of that province to determine the steps to be taken to ensure the fulfilment of that statutory obligation.
