Statistics Act, 1999
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 17 : MiscellaneousPart 6 : Amendments, repeals, transitional and saving provisions304. Additional transitional arrangements |
| (1) | In order to facilitate the coming into effect, appropriate implementation and operation of this Act, the Minister may make Regulations providing for transitional arrangements regarding the exercise of powers, the performance of functions and duties, and other matters that may be necessary in relation to— |
| (a) | the establishment of the financial sector regulators and other bodies in terms of this Act; |
| (b) | the coming into operation of different provisions of this Act; and |
| (c) | the repeal or amendment of different provisions of a law repealed or amended by this Act. |
| (2) | Without limiting subsection (1), Regulations in terms of this section may provide for— |
| (a) | the Reserve Bank to exercise specified powers and to perform specified functions and duties of the Prudential Authority, should it be necessary for powers and functions of the Prudential Authority in terms of this Act to be exercised for a period prior to the Prudential Authority being formally established; and |
| (b) | the Financial Services Board to exercise specified powers and perform specified functions and duties of the Financial Sector Conduct Authority, should it be necessary for the powers and functions of the Financial Sector Conduct Authority in terms of this Act to be exercised prior to the Financial Sector Conduct Authority being formally established. |
