Securities Services Act, 2004 (Act No. 36 of 2004)Chapter I : Preliminary Provisions3. Application of Act |
| (1) | This Act applies to— |
| (a) | regulated persons and the securities services provided by regulated persons; |
| (b) | issuers; |
| (c) | clients; |
| (d) | market abuse; and |
| (e) | matters incidental to the matters referred to in paragraphs (a) to (d). |
| (2) | This Act does not apply to— |
| (a) | a collective investment scheme regulated by or under the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002); and |
| (b) | the activities regulated by or under the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002). |
| (3) | Any law or the common law relating to gambling or wagering does not apply to any activity regulated by or under this Act. |