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]