Cap. 565 Art. 20Functions of the Regulator.

(1) The Regulator shall assess all applicants seeking to register as a family business under this Act and, once registered, ensure their ongoing compliance with the relevant requirements and regulations made hereunder to his satisfaction.

(2) The Regulator shall perform the duties and exercise the functions imposed and conferred on him by this Act and by any regulations made thereunder including:

(a) accepting or refusing applications from businesses to register as family businesses in terms of this Act;

(b) provide registration facilities for businesses which are eligible for enrolment in terms of this Act;

(c) keeping and updating the register of registered family businesses;

(e) where eligible, providing the registered family businesses an updated registration certificate attesting that the business still qualifies as a family business in terms of this Act;

(f) providing family businesses with information and guidance about the requirements, benefits and responsibilities in connection with registrations and enrolments in terms of this Act;

(g) making recommendations to the Minister on legislation and policies in support of the family business sector;

(h) assisting government, government departments, public agencies, authorities and entities controlled by the Government in preparing and reviewing policies in support of family businesses;

(i) investigating written grievances in relation to this Act relating to registered family businesses or businesses purporting to be registered family businesses under this Act, and furthermore to investigate ex officio any registered family business for any shortcoming and to take such action as is in his power to redress any justified grievance that may come to his notice and including if he deems fit, to refer his findings to the police;

(j) encouraging and promoting the family business sector by communicating, disseminating and making contact with relevant parties about news and information relevant to the sector;

(k) encouraging family businesses to consider the benefits of entering into written agreements concerning the principles of governing the family business;

(l) co-ordinating and communicating with any competent authority with a view to facilitating the registration and enrolment processes for family businesses;

(m) performing any other function or duty that is assigned to him by the Minister under this Act and any regulations made thereunder as well as such other functions as may be assigned to him under any other law.

(3) In the exercise of his functions, the Regulator shall act impartially and shall not be subject to the direction of any other person or authority.

(4) The Regulator may, by writing under his hand, delegate to any person in the office of the Regulator, specific functions, powers or authorities assigned to or conferred on him by this Act or any other law, and may at any time revoke or vary such delegation: