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National Credit Act, 2005 (Act No. 34 of 2005)

Chapter 3 : Consumer Credit Industry Regulation

Part A : Registration requirements, criteria and procedures

50. Authority and standard conditions of registration


(1) A registration issued in terms of this Act is valid throughout the Republic and authorises the registrant to conduct, engage in, or make available the registered activities at any place within the Republic.


(2) It is a condition of every registration issued in terms of this Act that the registrant must—
(a) permit the National Credit Regulator or any person authorised by the National Credit Regulator to enter any premises at or from which the registrant conducts the registered activities during normal business hours, and to conduct reasonable inquiries for compliance purposes, including any act contemplated in section 154(1)(d) to (h);
(b) comply with every applicable provision of—
(i) this Act;
(ii) the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001); and
(iii) applicable provincial legislation within any province in which the registrant conducts, engages in, or makes available the registered activities.