South Africa: Financial Service Tribunal

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[2021] ZAFST 80
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Robert Baichan Financial Services CC (RBFS) v Liberty Group Limited and Another [2021] ZAFST 80 (19 July 2021)
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THE FINANCIAL SERVICES TRIBUNAL
CASE NO.: A22/2021
ROBERT BAICHAN FINANCIAL SERVICES CC (RBFS) APPLICANT
and
LIBERTY GROUP LIMITED FIRST REPSONDENT
FINANCIAL SECTOR CONDUCT AUTHORITY SECOND RESPONDENT
RULING BY THE DEPUTY CHAIRPERSON
APPLICATION FOR RECONSIDERATION IN TERMS OF SECTION 230 OF THE FSR ACT 9 OF 2017
The application for reconsideration is dismissed summarily in terms of sec 234(4) of the FSR Act 9 of 2017 because it is frivolous and vexatious, not only because the issue does not fall under the Act, and that the applicant is not an aggrieved person (but one with grievance) but also because the "disclosure" itself is vexatious and brought with an ulterior purpose.
LTC HARMS
Deputy Chairperson
19 July 2021