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

Chapter 15 : Financial Services Tribunal

Part 4 : Reconsideration of decisions

230. Applications for reconsideration of decisions

 

(1)

(a) A person aggrieved by a decision may apply to the Tribunal for a reconsideration of the decision by the Tribunal in accordance with this Part.
(b) A reconsideration of a decision in terms of this Part constitutes an internal remedy as contemplated in section 7(2) of the Promotion of Administrative Justice Act.

 

(2)        The application must be made—

(a) if the applicant requested reasons in terms of section 229, within 30 days after the statement of reasons was given to the person; or
(b) in all other cases, within 60 days after the applicant was notified of the decision, or such longer period as may on good cause be allowed.

 

(3) An application in terms of subsection (1) must be made in accordance with the Tribunal rules.