| (1) | Upon registering an applicant, the National Credit Regulator must— |
| (a) | issue a prescribed certificate of registration to the applicant, and in the case of persons contemplated in section 40(2)(c), a duplicate copy of the certificate of registration for each registered location at or from which that person conducts the registered activities; |
| (b) | enter the registration in the register; and |
| (c) | assign a unique registration number to that registrant. |
| (2) | A registration certificate, or duplicate registration certificate issued in terms of this section must specify— |
| (a) | the identity of the registrant; |
| (b) | the activities that the registration permits the registrant to engage in, conduct or make available to the public; and |
| (c) | any other prescribed information. |
| (3) | A valid certificate or duplicate certificate of registration, or a certified copy of it, is prima facie proof that the registrant is registered in terms of this Act. |
| (a) | takes effect on the date on which the certificate or duplicate certificate of registration is issued; and |
| (b) | remains in effect until— |
| (i) | the registrant is deregistered; |
| (ii) | the registration is cancelled in terms of this Act; or |
| (iii) | it has lapsed on the last day upon which the prescribed renewal fee should have been paid in terms of section 51(1)(c). |
[Subsection (4)(b) substituted by section 19 of Act No. 19 of 2014]
| (a) | post the certificate or duplicate registration certificate in any premises at or from which it conducts its registered activities; |
| (b) | reflect its registered status and registration number, in a legible typeface, on all its credit agreements and communications with a consumer; |
| (c) | comply with its conditions of registration and the provisions of this Act; |
| (d) | pay the prescribed annual renewal fees within the prescribed time; |
| (e) | keep any prescribed records relating to its registered activities, in the prescribed manner and form; and |
| (f) | file any prescribed reports with the National Credit Regulator in the prescribed manner and form. |
| (6) | In addition to the requirements of subsection (5), a registered credit bureau must submit to the National Credit Regulator an annual compliance report, certified by an independent auditor, addressing the following matters: |
| (a) | Accuracy of data received and reported by it; |
| (b) | incidence of complaints and complaint resolution; |
| (c) | adequacy of procedures employed by it to ensure— |
| (i) | the accuracy of data received and reported by it; |
| (ii) | that confidentiality of data is maintained and all relevant legislation concerning the privacy and confidentiality of information is complied with; and |
| (iii) | that complaints are resolved; and |
| (d) | any other related or similar matters prescribed by regulation. |
