Public Notice to all Pawn Shops

It has come to the attention of the Non-Bank Financial Institutions Regulatory Authority (“NBFIRA”) that there are a number of Pawnshops who have ceased operations, changed shareholding / management /contact persons, physical and postal addresses following the issuance of their Lending Exemptions but have not communicated this to the Regulatory Authority.

NBFIRA therefore requires ALL Pawnshops to provide the information required above on or before March 13, 2020. Pawnshops that do not provide the requested information will be considered to be operating illegally and regulatory action may be instigated against them.

Should you need further information please contact the Lending Activities Department on 3686100 or 3102595.

O. M. RAMASEDI (Mr.)
CHIEF EXECUTIVE OFFICER
February 14, 2020