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| South Africa NATIONAL LEGISLATION OVERVIEWS  |
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Financial Institutions Second
Amendment Act, No. 104 of 1993
Long title
To amend the Insurance Act, 1943, so as to amend or delete certain definitions; to further regulate the provisions relating to the statement of assets, and relating to assets to be held by insurers; to regulate anew the duties of intermediaries in respect of the payment to insurers of moneys received in respect of premiums; to prohibit certain inducement to take out policies; to further regulate insurance by members of Lloyds;to delete the requirements in respect of licences; to amend the provisions in respect of penalties;· and to further regulate the listed securities which may be taken into account as insurance assets; to amend the Pension Funds Act, 1956, so as to amend a certain definition; to further regulate the rules of pension funds; to exclude arrear contributions from deductions which are prohibited; and to further regulate certain death benefits; to amend the Friendly Societies Act, 1956, so as to amend or delete certain definitions; to amend the Unit Trusts Control Act, 1981, so as to amend certain definitions; to provide that certain existing management companies may be exempted from compliance with increases in minimum capital requirements; to provide for the inclusion of derivative instruments in a unit portfolio; to further regulate the appointment of auditors of a management company; and to regulate anew the listing of units by a stock exchange; to amend the Participation Bonds Act, 1981, so as to delete the requirement that the registrar approves the cession of rights in a participation mortgage bond where the purpose of such cession is to secure a debt; to amend the Stock Exchanges Control Act, 1985, so as to delete certain definitions; and to provide for the admission of members of a financial market referred to in the Financial Markets Control Act, 1989, to restricted membership of a stock exchange; to amend the Financial Markets Control Act, 1989, so as to define a certain expression; and to further regulate the matters included in the rules of a financial exchange; to amend the Financial Services Board Act, 1990, so as to amend a certain definition; to make further provision in relation to the disqualification of persons as members of the board; and to further regulate the annual report of the board; to amend the Safe Deposit of Securities Act, 1992, so as to amend a certain definition; and to provide for the payment of certain fees; to provide in certain of the above-mentioned Acts, for reporting to the Minister; to provide in all of the above-mentioned Acts, for the rectification of outdated references; and to provide for matters connected therewith.
Table of contents
| SECTION | TITLE |
| 1. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 1 of Act 27 of 1943..."] |
| 2. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 4 of Act 27 of 1943..."] |
| 3. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 15 of Act 27 of 1943..."] |
| 4. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 17 of Act 27 of 1943..."] |
| 5. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 20bis of Act 27 of 1943..."] |
| 6. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 23A of Act 27 of 1943..."] |
| 7. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 23D of Act 27 of 1943..."] |
| 8. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 25 of Act 27 of 1943..."] |
| 9. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 29bis of Act 27 of 1943... "] |
| 10. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 30 of Act 27 of 1943..."] |
| 11. | ...[... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 32 of Act 27 of 1943... "] |
| 12. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 51 of Act 27 of 1943..."] |
| 13. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 60 of Act 27 of 1943..."] |
| 14. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Repeal of section 61 of Act 27 of 1943..."] |
| 15. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Substitution of section 73 of Act 27 of 1943..."] |
| 16. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 76 of Act 27 of 1943..."] |
| 17. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 77bis of Act 27 of 1943..."] |
| 18. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of section 77quat of Act 27 of 1943..."] |
| 19. | Amendment of First Schedule to Act 27 of 1943... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "_"] |
| 20. | ... [... repealed by Act 1998_052_073_19980923 Sch4 - was entitled "Amendment of Third Schedule to Act 27 of 1943..."] |
| 21. | Amendment of section 1 of Act 24 of 1956... |
| 22. | Amendment of section 2 of Act 24 of 1956... |
| 23. | Amendment of section 9 of Act 24 of 1956... |
| 24. | Amendment of section 11 of Act 24 of 1956... |
| 25. | Amendment of section 30 of Act 24 of 1956... |
| 26. | Amendment of section 34 of Act 24 of 1956... |
| 27. | Amendment of section 37A of Act 24 of 1956... |
| 28. | Amendment of section 37C of Act 24 of 1956... |
| 29. | Amendment of section 38 of Act 24 of 1956... |
| 30. | Substitution of certain expressions in Act 24 of 1956 |
| 31. | Amendment of section 1 of Act 25 of 1956... |
| 32. | Amendment of section 2 of Act 25 of 1956... |
| 33. | Amendment of section 3 of Act 25 of 1956... |
| 34. | Amendment of section 11 of Act 25 of 1956... |
| 35. | Amendment of section 38 of Act 25 of 1956... |
| 36. | Amendment of section 45 of Act 25 of 1956... |
| 37. | Amendment of section 49 of Act 25 of 1956... |
| 38. | Substitution of certain expressions in Act 25 of 1956 |
| 39. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 1 of Act 54 of 1981..."] |
| 40. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 3 of Act 54 of 1981..."] |
| 41. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 5 of Act 54 of 1981"] |
| 42. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 6 of Act 54 of 1981..."] |
| 43. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 11 of Act 54 of 1981"] |
| 44. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 29 of Act 54 of 1981..."] |
| 45. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Amendment of section 34 of Act 54 of 1981"] |
| 46. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Substitution of section 35 of Act 54 of 1981"] |
| 47. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Substitution of section 40 of Act 54 of 1981"] |
| 48. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Substitution of section 41 of Act 54 of 1981"] |
| 49. | ... [... repealed by Act 2002_045_117_20021213 Sch3 - was entitled "Substitution of section 45 of Act 54 of 1981..."] |
| 50. | Amendment of section 6 of Act 55 of 1981 |
| 51. | Amendment of section 12 of Act 55 of 1981 |
| 52. | Repeal of section 16 of Act 55 of 1981 |
| 53. | Amendment of section 8 of Act 38 of 1984... |
| 54. | Repeal of section 10 of Act 38 of 1984... |
| 55. | ... [... repealed by Act 2001_028_011_20011123 - was entitled "Repeal of section 10 of Act 39 of 1984..."] |
| 56. | Amendment of section 1 of Act 1 of 1985... |
| 57. | Amendment of section 4 of Act 1 of 1985 |
| 58. | Amendment of section 7 of Act 1 of 1985... |
| 59. | Amendment of section 12 of Act 1 of 1985... |
| 60. | Amendment of section 31 of Act 1 of 1985 |
| 61. | Amendment of section 42 of Act 1 of 1985... |
| 62. | Amendment of section 1 of Act 44 of 1988 |
| 63. | Repeal of section 7 of Act 44 of 1988 |
| 64. | Amendment of section 5 of Act 55 of 1989 |
| 65. | Amendment of section 17 of Act 55 of 1989... |
| 66. | Amendment of section 18 of Act 55 of 1989 |
| 67. | Amendment of section 1 of Act 97 of 1990... |
| 68. | Amendment of section 5 of Act 97 of 1990 |
| 69. | Amendment of section 21 of Act 97 of 1990 |
| 70. | Amendment of section 1 of Act 85 of 1992 |
| 71. | Amendment of section 9 of Act 85 of 1992 |
| 72. | Amendment of section 12 of Act 85 of 1992 |
| 73. | Amendment of section 14 of Act 85 of 1992 |
| 74. | Short title and commencement |
Legislation Text Access Point
| Versions [To check whether a version has commenced, and how it was commenced, please see the Timeline for the Act, and the Annotated Text for the version.] |
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| As unamended Act 1993_104_000_19930701 | EXT.LINK | REQ.INFO | LINK |
| As amended by Act 1998_052_000_19980923 . | N/A | REQ.INFO | LINK |
| As amended by Act 2001_028_000_20011123 . | N/A | REQ.INFO | LINK |
| As amended by Act 2002_045_000_20021213 . | N/A | REQ.INFO | LINK |
| As amended by ... | N/A | REQ.INFO | LINK |
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