DraftAs enactedCurrent version · As enacted
Deep Seabed Mining Bill · As enacted · Part 2 · Regulation of Deep Seabed Mining
7. Criteria for grant of licence, etc.
Feedback & support(1)
Only a Singapore company may apply for and be granted a licence.
(2)
A Singapore company may be granted more than one licence.
(3)
Before granting a licence to a Singapore company, the Minister must be satisfied that —
(a)
the company meets, or is likely to meet, the qualification standards under Annex III, Article 4 of the Convention;
(b)
the company will be applying to the ISA to enter into a corresponding ISA contract;
(c)
it is in Singapore’s interest to grant the licence and sponsor the company’s application for a corresponding ISA contract; and
(d)
such other criteria as may be prescribed are met.