Examples of Financial Services Board Act in a sentence
However, section 70(3)(b) of the Tax Administration Act, 2011, only provides that required information, such as the income tax approval status of a pension fund, pension preservation fund, provident fund, provident preservation fund and retirement annuity fund, may be provided to the FSB in order for the FSB to carry out their duties and functions in respect of the regulation and supervision of the Pension Funds Act, 1956, under section 3(a) of the Financial Services Board Act, 1990.
The Committee shall consist of two or more members of the Board both or all of whom shall be "non-employee directors" within the meaning of Rule 16b-3(b)(3) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
Maintenance activities at pre-primary, primary and secondary school facilities will be organized by schools.
Section 7 of the Financial Services Board Act, 1990 (Act No. 97 of 1990), is hereby amended by the substitution for subsection (2) of the following subsection:‘‘(2) If a member or an alternate member of the board for any reason vacates his 45or her office, the [State President] Minister may appoint a person to act in the place of such member or alternate member for the unexpired period of his or her term of office.’’.
The following section is hereby inserted after section 14 of the Financial Services Board Act, 1990 (Act No. 97 of 1990): 20‘‘Acting executive officer15.
The following section is hereby substituted for section 10 of the Financial Services Board Act, 1990 (Act No. 97 of 1990): ‘‘Committees of board 10.
Section 3 of the Financial Services Board Act, 1990 (Act No. 97 of 1990), is hereby amended by the substitution for paragraph (a) of the following paragraph:‘‘(a) to supervise [the] and enforce compliance with the laws regulating financial 40institutions and the provision of financial services;’’.
Technical amendment seeks to align with the Financial Services Board Act.
Sub clause (p): For the definitions of ‘small business funding entity’ and ‘small medium or micro- sized enterprise’ and: See notes on TAX INCENTIVES FOR PROVISION OF FUNDING TO SMME’S.CLAUSE 2 Income Tax Act: Amendment to section 3 Sub clauses (a) and (b): In order to avoid repetition of the full citation of Acts referred to in the Income Tax Act, it is proposed to define the relevant Act using a shortened version of its name,i.e. the Financial Services Board Act.
In South Africa the Insurance business is regulated by the Financial Services Board Act No. 97 of 1990.