10
applicant and may(i)
refuse to register the applicant, if it has not responded; or
(ii)
finally determine the conditions to be imposed, and register the
applicant.
(8) The Minister must(a) inform an applicant in writing of a decision in terms of subsection (7); and
(b) provide written reasons for that decision if(i)
the Minister has refused to register the applicant; or
(ii)
the Minister has amended a previously proposed condition.
14 Certificate, validity, and public notice of registration
(1) Upon registering an applicant, the Minister must(a) issue a prescribed certificate of registration to the applicant; and
(b) enter the registration in the register.
(2) A valid certificate of registration, or a certified copy of it, is sufficient proof
that the registrant is registered in terms of this Act.
(3) A registration(a) takes effect on the date on which the certificate of registration is issued;
and
(b) remains in effect until(i)
the registrant is deregistered; or
(ii)
the registration is cancelled in terms of this Act.
(4) A registrant must(a) reflect its registered status and registration number on all of its trading
documents;
(b) comply with its conditions of registration and the provisions of this Act;
(c) pay the prescribed annual renewal fees within the prescribed time;
(d) keep any records prescribed in terms of section 42 (1) (b) in the prescribed
manner and form; and
(e) file any prescribed reports with the Minister in the prescribed manner and
form.
15 Transfer of registration
(1) The registration of a registrant may be transferred to another person if(a) the registrant, or the person to whom the registration is to be transferred,
applies in the prescribed manner and form for approval of the transfer;
(b) the person to whom the registration is to be transferred is not disqualified
under section 11 (2); and
(c) the Minister has considered the application and approved the transfer.
(2) If an application in terms of subsection (1) proposes a transfer of registration
to(a) an unregistered person, section 12, read with the changes required by the
context, applies to that application; or
(b) a registered person, sections 12 and 13, read with the changes required by
the context, apply to that application.
(3) If a registered person acquires control over another registered person that
holds a different category of registration, the registered persons must notify the Minister
in the prescribed manner and form.