| (3) | An application for a central securities depository licence must— |
| (a) | be made in the manner and contain the information prescribed by the Authority; |
| (b) | show that the applicant complies with the requirements referred to in section 28; |
| (i) | a copy of the proposed depository rules that must comply with section 35; |
| (ii) | a copy of 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 Authority; and |
| (iv) | the application fee prescribed by the Authority; |
| (d) | be supplemented by any additional information that the Authority may reasonably require. |
| (a) | The Authority must publish a notice of an application for a central securities depository licence in two national newspapers, at the expense of the applicant, and on the Authority's website. |
[Section 27(4)(a) substituted by section 290, item 17(a) of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective 9 February 2018 (Notice R. 99, GG 41433, dated 9 February 2018)]
| (b) | The notice must state— |
| (i) | the name of the applicant; |
| (ii) | where the proposed depository rules may be inspected by members of the public; and |
| (iii) | the period within and the process by which objections to the application may be lodged with the Authority. |
| (c) | The Authority must publish the proposed depository rules referred to in paragraph (b)(ii) on the Authority's website. |
[Section 27(4)(c) inserted by section 290, item 17(b) of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective 9 February 2018 (Notice R. 99, GG 41433, dated 9 February 2018)]
