Government Gazette
Vol.400, No.19366, 23 October 1998
Regulation Gazette No. 6317
GOVERNMENT NOTICES
DEPARTMENT OF FINANCE
No. R. 1327
AMENDMENT OF THE REGULATIONS MADE UNDER THE STOCK EXCHANGES CONTROL ACT, 1985
The Minister of Finance has, under section 51 of the Stock Exchanges Control Act, 1985 (Act No. 1 of 1985), made the regulations in the Schedule.
SCHEDULE
Definition
1. In this Schedule '~e Regulations" means the regulations published by Government Notice No. R. 594 of 12 April 1996, as amended by Government Notice No. R. 1269 of 26 September 1997 and Government Notice No. R.1065 of 28 August 1998.
Amendment of regulation7 of the Regulations
2. Regulation 7 of the Regulations is amended -
(a) by the substitution for subregulation (1) of the following subregulation
"(1) The fees set out in the second column of the following table, which include VAT, are payable in respect of each item mentioned opposite thereto in the first column:
| Item | Fees | |
| a | Application for the issue of a stock exchange licence | R75 000 |
| b | Application for renewal of a stock exchange licence | R5 000 |
| c | Application for the approval of a person referred to in section 4(1)(a) of the Act | R5 000 |
| d | Application for the approval of a category of persons referred to in section 4(1)(a) of the Act | R5 000 |
| e | Addition to the list of persons who fall within a category of persons referred to in section 4(1)(a) of the Act | R1 000 |
| f | Application for approval in teens of section 39(2A) of the Act | R2 000 |
| g | Application for approval of a change in directors or management of an investment manager as contemplated in condition 2 I(b) of the Conditions | R3 000 |
| h | Application for exemption of an investment manager from any of the Conditions excluding an application for exemption which accompanies an application for approval in terms of section 4 | R1 000 |
| i | Registration of change of name of a stock exchange or investment manager | R1 000 |
| j | Certified copy of a document evidential of the registration, approval or change of name of a stock exchange or an investment manager | R1 000" |
(b) by the addition of the following subregulation
"(4) For the purposes of section 48(2)(a) of the Act, the amount prescribed in respect of the fine for every day during which the failure in question continues is R200: Provided that, in the case of any one continuing failure, the sum of the daily fines imposed upon a person in respect thereof shall not exceed R20 000.".