Precious Metals Act, 2005 (Act No. 37 of 2005)RegulationsPrecious Metals Regulations25. Endorsements on change of circumstances |
| (1) | If at any time after a certificate, licence or permit has been issued, the circumstances under which such certificate, licence or permit was issued should change, the holder may within seven days of becoming aware of such change, request the Regulator in writing to endorse on such certificate, licence or permit such changes as the Regulator may deem necessary. |
| (2) | If at any time after an export approval has been issued, the circumstances under which such approval was issued should change, the holder of such approval may within seven days of becoming aware of such changes, request the Minister in writing to endorse on such export approval such changes as the Minister may deem necessary. |
| (3) | Requests as contemplated in subregulations (1) and (2) must indicate— |
| (a) | in the case of a natural person, the name, surname and identity number of the applicant; or |
| (b) | in the case of a company or close corporation, the name and registration number of the company or close corporation; and |
| (c) | the physical address of the premises on which the applicant carries on business as a holder of a licence, permit, approval or other authorization in terms of the Act; |
| (d) | the type of certificate, licence, permit or approval to be endorsed; |
| (e) | the nature of such circumstances; and |
| (f) | the registered number of such certificate, licence or permit; |
| (4) | The request as contemplated in subregulation (1) must be accompanied by a copy of the certificate, licence, or permit for which an endorsement is requested and the relevant non-refundable application fee as contemplated in Annexure A. |
| (5) | The Regulator or the Minister, as the case may be, may, within seven days of receipt of a request as contemplated in subregulation (1), endorse the following changes that the Regulator or the Minister may deem necessary on such certificate, licence or permit: |
| (a) | The source from which precious metal will be obtained; |
| (b) | the quantity, fineness, form and value of such precious metal; |
| (c) | the port or ports from which such precious metal may be imported; |
| (d) | the country or countries from which such precious metal may be imported; |
| (e) | a change in the membership of a close corporation; |
| (f) | the terms and conditions under which such certificate, licence or permit was issued; and |
| (g) | any other changes that the Regulator or the Minister, as the case may be, may deem necessary. |