Authorised Financial Service Provider FSP 45262 011-315-1000



A non-professional user is a user who:

  1. is one of the following:
  2. a) a natural person;
  3. b) a company or close corporation incorporated and registered in accordance with the laws of the Republic of South Africa of which the shareholders or members are the natural person referred to in a) above and/or such natural person’s immediate family (i.e. the parents, grandparents, children, grandchildren and spouse of the natural person referred to in a) above and whose management and daily operations are under the control of such natural person and/or the natural person’s immediate family; or
  4. c) a trust registered with the Master of the High Court of any division of the High Court of South Africa the beneficiaries of which are the natural person referred to in a) above and/or his immediate family; or
  5. d) an unincorporated entity operating an investment club for natural and not juristic persons on a non-professional basis, (each a “Qualifying Private User”); and
  6. is not registered or required to be registered as, or qualified as, and does not act in any capacity (directly or indirectly) as, a securities trader, investment adviser or asset manager with any domestic or foreign financial exchange, regulatory authority, professional association or professional body recognised under any law; and
  7. does not use the Service, directly or indirectly, for any business or professional purposes whatsoever (i.e. uses the Service solely for purposes of managing the personal funds of the natural person referred to in a) above and/or those of his or her immediate family and in circumstances in which the Qualifying Private User does not charge or receive a fee); and
  8. does not distribute, publish or otherwise provide or make available any data from the Service to any third party in any manner whatsoever.
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