Non-Bank Financial Regulatory Authority - Review Of Decisions By The Tribunal (Ss 85-88)

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[Ch4608s85]85. Establishment of Tribunal


There shall be established a Tribunal which shall be responsible for reviewing

decisions made by the Regulatory Authority or self-regulatory organizations

under this Act.


Regulations may provide for the constitution, composition and jurisdiction of

the Tribunal.

[Ch4608s86]86. Review of decisions


decision of the Regulatory Authority, or of a self regulatory organization,

made in terms of sections 4(3), 43, 45, 46, 53, 62 and 84 may be subject to a

review by the Tribunal.

[Ch4608s87]87. Application for review of decisions

(1) A

person aggrieved by, or whose interests are affected by, a decision referred to

in section 86 may apply to the Tribunal for a review of the decision.


An application to the Tribunal for a review of a decision shall be made within

28 days of the making of the decision.


The Tribunal may, on application extend that period, either before or after it

has ended, and may do so in terms it thinks proper.

[Ch4608s88]88. Implementation of decisions pending review


application for a review of a decision shall not affect the operation of the

decision but the Tribunal may, on application, suspend the operation of the

decision as specified by, and on terms determined by, the Tribunal.