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Financial Markets Control Act, 1989 (Act No. 55 of 1989)

9. Financial Market Licence

 

 

(1) A financial market licence shall expire on 31 December of the year for which it is issued, but may be renewed from year to year.

 

(2) The prescribed licence fee shall be payable in respect of the issue or renewal of any such financial market licence: Provided that if the liability in respect of the issue of the licence arises after 30 June in any year, one‑half of that fee shall be payable for such issue.

 

[Section 9 substituted by section 6 of Act 55 of 1995]