Application for licence, registration

(1) An application by an entity referred to in section 6(1)(d) of the Act or by a financial institution referred to in section 6(1)(e) of the Act for a licence as an Administrator of a pension plan shall be in the form set out as Form 1(a) of Schedule I. CAP. 30:01. Schedule I. (2) An application by an person referred to in section 6(1)(a) to (c) of the Act for registration as an Administrator of a pension plan shall be in the form set out as Form 1(b) of Schedule I. CAP. 30:01. Schedule I. 18 Private Pensions (3) An application for registration of a pension plan shall be in the form set out as Form 2 of Schedule I and shall be accompanied by certified copies of the documents establishing the pension plan and the related pension fund, as provided for in section 7 of the Act. Form 2. Schedule I. CAP. 30:01. (4) The application for licensing or registration shall be accompanied by the respective specified fee. (5) A licence may be issued to an entity or financial institution for a term of five years, subject to the payment to the Supervisor of the specified fee for the annual licence– (a) firstly, on approval of the grant of the licence; and (b) thereafter annually, while the licence remains in force, on or before the anniversary date of the grant of the licence.