Registration

Following receipt of an application for registration under regulation 5(2) and any additional documents or information that it has required under regulation 5(4), the supervisory authority shall– (a) subject to regulation 7(2) and upon payment of the registration fee, register the reporting entity in the DNFBP Register and provide the reporting entity with written notice of its registration as a DNFBP; or (b) refuse the application in accordance with regulation 7.