XTXFX Business Plan — Appendix D: NCR Registration Checklist
The registration checklist against National Credit Regulator requirements, with responsible party and status for each item.
Appendix D: NCR Registration Checklist
Jump to section
- Overview & contents
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. Market Context and Opportunity
- 3. Regulatory Framework and NCR Registration
- 4. Products and Pricing
- 5. SWOT and Competitive Position
- 6. Credit Policy and Risk Management
- 7. Technology and Operations
- 8. Go-to-Market
- 9. Governance and Team
- 10. Financial Plan
- 11. Funding Structure and Capital
- 12. Break-Even and Credit Sensitivity
- 13. Sensitivity and Scenario Analysis
- 14. Risk Management
- 15. Implementation Roadmap
- 16. Investor Returns and Exit
- 17. Key Performance Indicators
- 18. Key Assumptions
- 19. Conclusion
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Unit Economics and Volume Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: NCR Registration Checklist
- E. Appendix E: Risk Register
- F. Appendix F: Glossary
|
Step |
Requirement |
Note |
|---|---|---|
|
1 |
Confirm the National Credit Act applies to the intended agreements |
A substance-over-form assessment taken with legal advice, not a matter of contractual labelling |
|
2 |
Incorporate the company at CIPC and adopt an MOI appropriate to a regulated credit provider |
|
|
3 |
Register with SARS and obtain a tax compliance status PIN |
|
|
4 |
Obtain police clearance certificates for every director, member, trustee, partner or shareholder |
Required for all controllers without exception |
|
5 |
Confirm no director or controller is disqualified under the Act |
Including by reason of unrehabilitated insolvency |
|
6 |
Prepare company letterhead showing registered name, address, contact person, telephone and email |
|
|
7 |
Prepare evidence of adequate human, financial and operational resources |
Organogram, curricula vitae, financial projections and systems description. The capacity assessment |
|
8 |
Draft the credit policy, affordability assessment methodology and pre-agreement documentation |
For submission and review |
|
9 |
Complete and submit Form 2 with all annexures and pay the application fee |
|
|
10 |
Pay the registration fee, scaled to anticipated principal debt, and the branch fee for each premises |
From approximately R1 000 where principal debt is under R250 000, plus roughly R250 per location |
|
11 |
Register with the Financial Intelligence Centre as an accountable institution |
Adopt a Risk Management and Compliance Programme |
|
12 |
Appoint and register the Information Officer with the Information Regulator, and publish the PAIA manual |
|
|
13 |
Establish reporting arrangements with at least one registered credit bureau |
|
|
14 |
On receipt of the certificate, display the registration number on all agreements, quotations, advertising and correspondence |
|
|
15 |
Diarise annual renewal, statutory returns and the conditions of registration |
Recurring board-level obligations, not once-off hurdles |
|
Registration cost item |
Indicative cost |
|---|---|
|
Application fee |
Payable on submission of Form 2 |
|
Registration fee, scaled to total principal debt |
From approximately R1 000, rising with book size |
|
Branch fee, per location |
Approximately R250 per location |
|
Company formation, MOI and letterhead |
Included in formation cost |
|
Police clearance certificates |
Per person, for every controller |
|
Professional support with the application |
Approximately R6 000 to R15 000 |