Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)

Chapter 8 : Licensing

Purchase

(1)	The responsible authority may not take any of the actions specified in subsection (2) unless—

(a)	the other financial sector regulator has concurred; and

(b)	if the action relates to or affects a systemically important financial institution, the Reserve Bank has also concurred.

(2)	The actions are—

(a)	issuing a licence;

(b)	varying, suspending or revoking a licence, however these are described in the relevant financial sector law; and

(c)	granting an exemption in terms of section 281.