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Credit Rating Services Act, 2012 (Act No. 24 of 2012)

Board Notices

Board Notice 169 of 2013

2. Fees

 

 

The following fees must be paid by the persons to the registrar, at the times and with respect to the matters indicated in the sub-paragraphs below:

(a) On lodging of an application under section 5(1) of the Act for registration as a credit rating agency, payable by the applicant concerned, a fee of R300 000;
(b) On lodging of an application under section 5(3) of the Act for exemption by an applicant whose holding company is registered, authorised or approved by a foreign regulatory authority as a credit rating agency, payable by the applicant concerned, a fee of R15 000;
(c) On lodging of an application under section 27(1) of the Act for exemption from provisions of the Act, payable by the applicant concerned, a fee of R15 000;
(d) On lodging of an application for a withdrawal or an amendment of a condition of registration of a registered credit rating agency, payable by the applicant concerned, a fee of R15 000;
(e) On lodging of an application to update any of the registration details of a registered credit rating agency, payable by the applicant concerned, a fee of R15 000;
(f) On lodging of an application for the registration of a change of name of a registered credit rating agency, payable by the applicant concerned, a fee of R1 000;
(g) On lodging of an application for the amendment of the terms and conditions of registration of a registered credit rating agency, payable by the applicant concerned, a fee of R1 000 per amendment;
(h) On lodging of an application for the approval of a compliance unit, payable by the applicant concerned, a fee of R5 000;
(i) On making a request for a certified copy of a certificate of registration of a credit rating agency, payable by the applicant concerned, a fee of R1 000; and
(j) On making a request for a certified copy of a document of evidential of the matters referred to in paragraphs (f), (g) and (h) above, payable by the applicant concerned, a fee of R1 000.