Statistics Act, 1999
R 385
Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)RegulationsFinancial Advisory And Intermediary Services Regulations, 2003Chapter VI : Matters relating to Foreign Forex Services Providers and Clearing Firms14. Approval of foreign entities |
| (1) | Procedure |
A forex services provider seeking, in accordance with a provision of the Forex Code, an approval by the Registrar of a clearing firm or a foreign forex services provider, must submit an application for approval to the Registrar in accordance with section 3(2) of the Act, containing at least the following information:
| (a) | Full particulars as regards the name and physical location and all other identification particulars of the relevant clearing firm or foreign forex services provider; |
| (b) | full particulars as regards any authorisation required bv such , firm or provider for the conduct of business in the country in which it is located, and of the terms of any such authorisation so wanted; and |
| (c) | full particulars as regards the nature of the regulatory environment under which the firm or provider operates in the country concerned. |
