Foodstuffs, Cosmetics and Disinfectants Act, 1972
R 385
Securities Services Act, 2004 (Act No. 36 of 2004)Chapter IV : Custody and Administration of SecuritiesLicensing of central securities depository31. General requirements applicable to applicant for central securities depository licence |
| (1) | An applicant for a central securities depository licence must— |
| (a) | have the financial resources, and the management and human resources with appropriate experience, necessary for the operation of a central securities depository in terms of this Act; |
| (b) | have made arrangements for the proper supervision of compliance by participants with the depository rules; |
| (c) | maintain security and back-up procedures to ensure the integrity of its records. |
| (2) | The registrar may prescribe any of the requirements referred to in subsection (1) in greater detail. |
