| (b) | considered any submissions made during the public comment period; |
| (i) | persons conducting business within the relevant industry; and |
| (ii) | relevant accredited persons; and |
| (d) | made any revisions to the proposed industry code as published for comment. |
| (2) | A code of conduct must be consistent with the purposes of this Act. |
| (3) | The National Credit Regulator— |
| (a) | must monitor the effectiveness of any code of conduct issued in terms of this Act; and |
| (b) | may reasonably require persons conducting business within the relevant industry to provide information necessary for the purposes of— |
| (i) | monitoring in terms of paragraph (a); or |
| (ii) | reviewing the effectiveness of a prescribed code of conduct relative to the purposes of this Act. |
| (4) | A registrant must not, in the ordinary course of business, contravene an applicable code of conduct as contemplated in section 48(1)(b). |
[Section 48A inserted by section 16 of Act No. 19 of 2014]
