The Applicant, the Deutsche Securities (PTY) Limited (“DS), registration number 1973/006709/07, a company duly incorporated and registered in terms of the laws of the Republic of South Africa, carrying on business within the jurisdiction of South Africa, makes application for an exemption from appointing a social and ethics committee (“SEC”), in terms of section 72(5) (b) of the Companies Act No. 71 of 2008 (“the Act”).