Financial Markets Act, 2012 (Act No. 19 of 2012)

Chapter VI : Trade Repositories

54. Application for trade repository licence

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(1)A trade repository must be licensed under section 56.

[Section 54(1) substituted by section 290, item 35(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)]

 

(2)A juristic person may apply to the Authority for a trade repository licence for one or more types of unlisted securities.

 

(3)An application for a trade repository 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 listed in section 55;
(c)be accompanied by—
(i)a copy of the founding documents of the applicant;
(ii)such information in respect of members of the controlling body of the applicant as may be prescribed by the Authority; and
(iii)the application fee determined in terms of the Financial Sector Regulation Act;

[Section 54(3)(c)(iii) substituted by section 290, item 35(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 1 April 2019  (Notice R. 99, GG 41433, dated 9 February 2018)]

(d)be supplemented by any additional information that the Authority may reasonably require.

 

(4)
(a)The Authority must publish a notice of an application for a trade repository licence in two national newspapers, at the expense of the applicant, and on the Authority's website.

[Section 54(4)(a) substituted by section 290, item 35(c) 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; and
(ii)the period within and the process by which objections to the application may be lodged with the Authority.