Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)

Chapter 8 : Licensing

Purchase

The matters to be taken into account in relation to an application for a licence include—

(a)	the objective of the responsible authority as set out in section 33 or 57;

(b)	the financial and other resources of and available to the applicant;

(c)	fit and proper person requirements applicable to the applicant and to any key person or significant owner of the applicant;

(d)	the governance and risk management arrangements of the applicant; and

(e)	whether the applicant made a statement that is false or misleading, including by omission, in or in relation to the application.