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Significant owners
Significant owners of financial institutions are regulated and supervised in terms of the provisions of the Financial Sector Regulation Act 9 of 2017 (FSR Act) and Joint Standard 1 of 2020 - Fitness, propriety and other matters relating to significant owners (Joint Standard). The forms relating to applications and notifications required in terms of the FSR Act and the Joint Standard are published below:
Form Number |
Description |
Reference |
Application to become a significant owner |
Section 158(1) of the FSR Act |
|
Application to be declared not a significant owner |
Section 157(4)(a) of the FSR Act |
|
Application and notification to cease to be a significant owner for systemically important financial institutions (SIFI) and non-SIFI |
Sections 158(3)(a) and 158(3)(b) of the FSR Act |
|
Application and notification to increase or decrease significant ownership |
Section 158(4) of the FSR Act |
|
Fitness and propriety assessments for significant owners |
Section 5.1 of the Joint Standard |
|
Notification of non-compliance or change in fitness and propriety |
Section 5.3 and 5.4 of the Joint Standard |
