Financial Markets Act, 2012 (Act No. 19 of 2012)

Regulations

Financial Markets Act Regulations

Chapter II : Requirements for the Regulation of OTC Derivatives

2. Requirement to be authorised

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(1)A person may not—
(a)act as an OTC derivative provider; or
(b)advertise or hold itself out as an OTC derivative provider;

unless authorised by the Authority in terms of section 6(8) of the Act.

 

(2)An application for authorisation as an OTC derivative provider must be made in the manner, and contain the information, prescribed by the Authority.