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

Purchase cart Previous page Return to chapter overview Next page

 

(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.