PROPOSED AMENDMENTS TO CLAUSE 11(3), 11(3)(A), 11(3)(B), 11(3)(C) AND 16(2)

11 (3) insert "submitted" after "self-regulatory organization" and before "under that Act"


11(3)(a) delete existing I l(3)(a) and replace with facilitate the recognition process, described in subsection I by forwarding the rules of that scheme to the Council, excluding the non-refundable fee"


11 (3)(b) insert "and" at the end of the clause


11(3)(c) insert a new I l(3)(c): "facilitate the ongoing compliance by the self- regulatory organizations with the requirements of this Act."


16(2) insert a new 16(2): "Notwithstanding section 16(1), the self-regulatory organizations referred in section 11(3) must submit to the Registrar of Securities Services an annual report on the affairs and functions of their schemes approved in terms of section 11(3)."