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ARTICLE · 11 JANUARY 2016

A Shorter Road For Those Aggrieved

The Registrar of Pension Funds' locus standi to review the decisions of the Appeal Board in South Africa.

South AfricaFinance and Banking

The Registrar of Pension Funds' locus standi to review the decisions of the Appeal Board in South Africa.

A decision-maker, as contemplated in the Financial Services Board Act, 1990, ("FSB Act"), makes a decision, the decision is appealed and the Appeal Board substitutes that decision. That decision-maker then decides to take the matter on review to the High Court. Does he or she, in terms of the relevant legislation, have locus standi to challenge the Appeal Board's decision? This question was recently raised and answered in the Supreme Court of Appeal in the matter between the Registrar of Pension Funds v Financial Services Appeal Board (222/2015) ZASA 203 (2 December 2015), which was written as a separate judgment, on this point alone, emanating from Tellumat (Pty) Ltd v Appeal Board of the Financial Services Board (221/2015) [2015] ZASCA 202.

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