Section 280

280. (1) A licence may be given subject to conditions specified in the licence or in the notice of the grant or issue of the licence given to the licensee.

(2) A suspension, cancellation or revocation of a licence in terms of a financial sector law may be subject to conditions specified in the notice of the suspension, cancellation or revocation given to the licensee.

(3) Contravention of a condition in terms of subsection (2) does not affect the suspension, cancellation or revocation of the licence.

(4) In this section, a reference to a licence must be read as including a reference to a consent, agreement, approval or permission of any kind in terms of a financial sector law.

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Exemptions

281. (1) The responsible authority for a financial sector law may, in writing and with the concurrence of the other financial sector regulator, exempt any person or class of persons from a specified provision of the financial sector law, unless it considers that granting the exemption—

(a) will be contrary to the public interest; or

(b) may prejudice the achievement of the objects of a financial sector law.

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(2) Subsection (1) applies to the granting of exemptions if a financial sector law does not provide a power to grant exemptions.

(3) If a financial sector law provides a power to grant exemptions, the responsible authority must—

(a) grant the exemption in terms of the relevant provisions of the financial sector law; and

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GOVERNMENT GAZETTE, 22 AUGUST 2017

No. 41060 251

Molao wa Taolo ya Lephata la Ditshelete, 2017

Nmr 9 ya 2017

249

(b) setheo sa ditshelete se palelwa ke go tsaya dikgato tsothe tse di maleba go thibela boitshwaro joo,

setheo sa ditshelete se tshwanetse go tsewa gore le sona se dirile tlolo ya molao.

Karolo 4

Merero ya kakaretso

5

Dingongorego