Securities Services Act, 2004 (Act No. 36 of 2004)Chapter VI : Clearing HouseLicensing of clearing house64. Application for clearing house licence |
| (1) | A person may apply to the registrar for a licence to provide clearing house |
| (2) | An application for such a licence must be services to an exchange. |
| (a) | made in the manner and contain the information prescribed by the registrar; |
| (b) | accompanied by— |
| (i) | particulars of the applicant’s proposed appointment by an exchange; |
| (ii) | the application fee prescribed by the Minister; and |
| (iii) | such other information as the registrar may reasonably require. |
| (3) | The registrar must give notice of an application for a clearing house licence in two national newspapers at the expense of the applicant. The notice must state— |
| (a) | the name of the applicant; |
| (b) | the period within which objections to the application may be lodged with the registrar. |