| (a) |
may engage with that provincial credit regulator in co-operative activities of research, publication, education, staff development and training; and |
| (b) |
in consultation with the Minister, may— |
| (i) |
engage with that provincial credit regulator in staff exchanges or secondments; or |
| (ii) |
provide technical assistance or expertise to that provincial credit regulator. |
| (2) |
At the request of the relevant MEC of a province, or a provincial credit regulator, the National Credit Regulator may engage with that provincial credit regulator in co-operative activities to detect and suppress prohibited conduct, if there are reasonable grounds to believe that any such conduct may be occurring within the province, or across its provincial boundaries. |
| (3) |
At the direction of the Minister, the National Credit Regulator must engage with any relevant provincial credit regulator in co-operative activities to detect and suppress prohibited conduct occurring within the province or across its provincial boundaries. |
| (4) |
The National Credit Regulator must— |
[Words preceding subsection (4)(a) substituted by section 2(a) of Act No. 19 of 2014]
| (b) |
enter into a valid agreement with any regulatory authority to— |
[Words preceding subsection (4)(b)(i) substituted by section 2(b) of Act No. 19 of 2014]
| (i) |
co-ordinate and harmonise the exercise of jurisdiction over consumer credit matters within the relevant industry or sector; and |
| (ii) |
ensure the consistent application of the principles of this Act; |
| (c) |
participate in the proceedings of any regulatory authority; |
[Subsection (4)(c) substituted by section 2(c) of Act No. 19 of 2014]
| (d) |
advise, or receive advice from, any regulatory authority; and |
[Subsection (4)(d) substituted by section 2(d) of Act No. 19 of 2014]
| (e) |
notify the Registrar of Banks designated in terms of the Banks Act, 1990 ( Act No. 94 of 1990), within the agreed time frame, of its intention to investigate a bank as defined in the Banks Act, 1990. |
[Subsection (4)(e) inserted by section 2(e) of Act No. 19 of 2014]
| (5) |
A regulatory authority that, in terms of any public regulation, exercises jurisdiction over consumer credit matters within a particular industry or sector— |
| (a) |
must enter into a valid agreement with the National Credit Regulator, as anticipated in subsection (4)(b); and |
[Subsection (5)(a) substituted by section 2(f) of Act No. 19 of 2014]
| (b) |
may exercise its jurisdiction by way of such an agreement in respect of a particular matter within its jurisdiction. |
| (6) |
The National Credit Regulator may request a provincial credit regulator to submit any report or information related to the activities of that provincial credit regulator to the National Credit Regulator. |
| (7) |
The President may assign to the National Credit Regulator any duty of the Republic to exchange information with a similar foreign agency in terms of an international agreement relating to the purpose of this Act. |
| (8) |
The National Credit Regulator may liaise with any foreign or international authorities having any objects similar to the functions and powers of the National Credit Regulator. |
Statistics Act, 1999
