How do I register?

 

 

 

Documents and information required for the application for Registration as a Credit Provider in terms of Section 40 and 41 of the National Credit Amendment Act, 19 of 2014:

 


Please note that your application will not be processed and/or considered without the following:

 

1.     Completed and signed application form (form 2)

 

2.      Companies and Intellectual Property Commission  ( CIPC ) registration document or other official legal registration document

 

3.     Copy of the share certificate/s if applicant is company

 

4.     Certified copies of ID/Passports of all members/directors/shareholders/trustees/partners/sole proprietors

 

5.     Resolution if applicant is a juristic person (see attached specimen)

 

6.     A Policy Clearance Certificate for all the all the members/directors/shareholders/trustees/partners or sole proprietors issued by the South African Police Services (SAPS) or other service providers listed in the annexure attached hereto marked A.

 

7.     Proof of payment of the registration fees:

 

·         Non-refundable application fee of R550

 

·         Branch fee of R250 per location or premises at or from which the applicant conducts registered activities

 

·         Initial registration fee as indicated in the table below for each sub-category of registrant

 

Fee Category

Description

Fee

Category 1

Total principal debt equal or greater than R15 billion

R330 000

Category 2

Total principal debt equal or greater than R5 billion, but less than R15 billion

R190 000 plus 0,001% of the amount by which the total principal debt exceeds R5 billion

Category 3

Total principal debt equal or greater than R1 billion, but less than R5 billion

R70 000 plus 0,003% of the amount by which the total principal debt exceeds R1 billion

Category 4

Total principal debt equal or greater than R100 million, but less than R1 billion

R16 000 plus 0,005% of the amount by which the total principal debt exceeds R100 million

Category 5

Total principal debt equal or greater than R5 million, but less than R100 million

R7 000 plus 0,01% of the amount by which the total principal debt exceeds R5 million

Category 6

Total principal debt equal or greater than R1 million, but less than R5 million

R2 500 plus 0,1% of the amount by which the total principal debt exceeds R1 million

Category 7

Total principal debt equal or greater than R500 000, but less than R1 million

R2 000

Category 8

Total principal debt equal or greater than R250 000, but less than R500 000

R1 500

Category 9

Total principal debt less than R250 000

R1 000

 

 

 

8.     A letter from the bank confirming the applicant’s banking details or a copy of a cancelled blank cheque.

 

9.     Proof of registration with the South African Revenue Services (SARS)

 

 

 

Providers of developmental credit (Section 41)

 

 

 

A registered credit provider, or a credit provider who has applied to be registered in terms of section 40, may apply for supplementary registration as  a credit provider in respect of developmental credit agreements if the credit provider-

 

 

 

·         Is a close corporation, company, credit co-operative, trust, statutory entity, mutual bank or bank.

 

 

 

The National credit Regulator may grant supplementary registration to a credit provider only if it concludes that the credit provider has-

 

 

 

·         Sufficient human, financial and operational resources to enable it to function efficiently and to effectively carry out its function in terms of the Act, or presents to the National Credit regulator a credible plan to acquire or develop those resources, and

 

·         Adequate administrative procedures and safeguard to justify the application of statutory exceptions from the Act, or presents to the Nationl Credit regulator a credible plan to credible plan to develop those procedures and safeguards before entering into any developmental credit agreement.

 

 

 

Over and above the requirements set out in Section 41 of the Act, providers of developmental credit are required to submit a motivation outlining the applicant’s ability to provide developmental credit (link to guidelines for developmental credit provider)

 

(http://www.ncr.org.za/pdfs/Guidelines/FINAL%20DEVELOPMENTAL%20CREDIT%20

 

GUIDELINE.pdf)     

 

 For further information regarding the application process, please contact the Registrations Department at telephone number 011 554 2600 or 0860 627 627

 

          

 

 

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