Applications

(1) Subject to sub-section (2), every application for a licence under this Act shall be in in writing in such form as directed by the Registrar and be accompanied by– (a) identification information for20 (i) the applicant; and (ii) any senior management or director of the applicant; and (b) a current list of associates of the applicant, including, where any financial interest is 5% or more of the voting capital, identification information for the beneficial owner of any shares held by a legal person or in the name of nominee shareholder; (c) such information or documents as may be required by this Act or requested by the Registrar; and (d) such fee as the Registrar may prescribe. (2) Sub-sections (1)(a)(ii) and (b) do not apply to an applicant that is a publically traded company. (3) The Registrar may require an applicant to– (a) provide such information and documents, in addition to those specified in sub-section (1)(c), as it reasonably requires to determine the application and any such information and documents shall be in such form as the Registrar may require; and (b) verify any information and documents provided in support of an application in such manner as the Registrar may specify. (4) If, before an application is determined– (a) there is a material change in or in relation to any information or documents provided by or 21 on behalf of the applicant to the Registrar in connection with the application; or (b) the applicant discovers that any such information or documents are incomplete, inaccurate or misleading, the applicant shall, as soon as reasonably practicable, give the Registrar written particulars of the change or of the incomplete, inaccurate or misleading information or documents. Grant of license.