Statistics Act, 1999
R 385
Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Part III : Association of Collective Investment Schemes27. Refusal of renewal of association licence |
| (1) | The registrar may refuse to renew a licence if he or she is satisfied that during the previous year— |
| (a) | the rules of the association were not properly enforced; |
| (b) | the association did not comply with any of the requirements referred to in section 26(a), (b), (d) or (e); |
| (c) | the association did not comply with any direction, request, condition or requirement of the registrar in terms of this Act; |
| (d) | the association failed to give effect to a decision of the board of appeal referred to in section 24; or |
| (e) | the association did not comply with any other provision of this Act. |
| (2) | A refusal under subsection (1) is of no force unless the registrar has by notice in writing given the association concerned his or her reasons for the intended refusal and an opportunity to show cause within a period specified in the notice why renewal should not be refused. |
