Podcast
Questions and Answers
What is the main difference between Acts and Regulations?
What is the main difference between Acts and Regulations?
- Acts are legislative documents, while Regulations are judicial documents.
- Acts provide specific procedures, while Regulations provide broad guidelines.
- Acts focus on practical details, while Regulations cover a wide range of topics.
- Acts establish the legal framework, while Regulations enforce Acts. (correct)
Who enacts Acts according to the provided text?
Who enacts Acts according to the provided text?
- Administrative agencies
- Member of parliament or government (correct)
- Head of state like the President
- Cabinet members
What entity gives assent for a bill to become an Act?
What entity gives assent for a bill to become an Act?
- Member of parliament or government
- Administrative agencies
- Cabinet members
- Head of state like the President (correct)
Which term is synonymous with Regulations as per the text?
Which term is synonymous with Regulations as per the text?
What do Regulations primarily focus on?
What do Regulations primarily focus on?
What is the primary function of Acts in the legal framework of the financial industry?
What is the primary function of Acts in the legal framework of the financial industry?
Which South African Act primarily focuses on regulating the commercial and retail banking sector?
Which South African Act primarily focuses on regulating the commercial and retail banking sector?
What is the main objective of the Financial Intelligence Centre Act (FICA) in South Africa?
What is the main objective of the Financial Intelligence Centre Act (FICA) in South Africa?
Which entity focuses on prudential regulation within the financial industry in South Africa?
Which entity focuses on prudential regulation within the financial industry in South Africa?
What is the primary purpose of the Code of Banking Practice in South Africa?
What is the primary purpose of the Code of Banking Practice in South Africa?
Which act in South Africa emphasizes transparency, fair trading practices, and investor protection within financial markets?
Which act in South Africa emphasizes transparency, fair trading practices, and investor protection within financial markets?
