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Securities Services Act, 2004 (Act No. 36 of 2004)

Chapter IV : Custody and Administration of Securities

Licensing of central securities depository

30. Application for central securities depository licence

 

(1) A person may apply to the registrar for a central securities depository licence.

 

(2) Such an application must—
(a) be made in the manner and contain the information prescribed by the registrar;
(b) show that the applicant complies with the requirements referred to in section 31;
(c) be accompanied by—
(i) a copy of the proposed depository rules that must comply with section 39;
(ii) the founding documents of the applicant;
(iii) such information in respect of members of the controlling body of the applicant as may be prescribed by the registrar;
(iv) the application fee prescribed by the Minister;
(d) be supplemented by any additional information that the registrar may reasonably require.

 

(3) The registrar must give notice of an application for a central securities depository licence in two national newspapers at the expense of the applicant. The notice must state—

(a)the name of the applicant;

(b) where the proposed depository rules may be inspected by members of the public; and
(c) the period within which objections to the application may be lodged with the and registrar.