The licensing process for the various financial sector activities is currently prescribed under the various sector-specific statutes and subordinate legislation. The application process involves, inter alia, the completion of required sector-specific application forms, the submission of supporting information and documents evidencing compliance with the requirements referred to under question 5 generally and as set out in the specific financial sector legislation, and in the case of financial services providers, the completion of regulatory examinations prescribed by the FSCA.

The various sector-specific application forms, together with explanatory notes, may be obtained from the respective official websites of the primary regulators:

• The Prudential Authority: www.resbank.co.za/PrudentialAuthority/Pages/default.aspx
• The FSCA: www.fsca.co.za
• The National Credit Regulator: www.ncr.org.za
• The Payments Association of South Africa: http://www.pasa.org.za
• Financial Intelligence Centre: https://www.fic.gov.za/

In the event that the proposed financial sector activity does not fall within the scope of any sector-specific legislation, the entity is required to submit an application in terms of the Financial Sector Regulation Act and in accordance with standards to be published in terms thereof.