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

Chapter 14 : Ombuds

Purchase

(1)	The Ombud Council may, on application by an industry ombud scheme, recognise the industry ombud scheme for the purposes of this Act.

(2)	An application in terms of subsection (1) must—

(a)	be in writing, in a form approved or accepted by the Ombud Council; and

(b)	include or be accompanied by—

(i)	a copy of the governing rules of the industry ombud scheme;

(ii)	a list of financial institutions that shall be members of the industry ombud scheme should it be recognised; and

(iii)

any other information required in the form.

[Section 194 to take effect on 1 April 2020, per Notice No. 1130 of 2019, GG 42677, dated 30 August 2019]