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In forceAmended2020 Revised Edition

4. Application for a licence

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Amended

Last amended by an amending law of 2014.

(1)

Any person who desires to obtain a licence must make an application in the prescribed manner to the Board for the grant of a licence.

(2)

Upon receiving an application under subsection (1), the Board must consider the application and may grant a licence for a period of one year at a time, with or without conditions, or refuse to grant a licence.

(3)

The Board must refuse to grant a licence if —

(a)

satisfactory evidence has not been produced to show that the applicant is a fit and proper person to hold a licence;

(b)

the applicant or, if the applicant is a company, any of its officers holding a managerial or executive position has been convicted of any offence involving dishonesty, fraud or moral turpitude; or

(c)

the Board considers it in the public interest to do so.

(4)

A person who is not an incorporated person may not be licensed under this section unless the person is registered under a registered business name under the Business Names Registration Act 2014.

(5)

Every licensee must pay such annual licence fee as may be prescribed.

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