(1) If an applicant for a standard licence -
(a) makes an application within section 24A(1)(a) in relation to a type of business, and
(b) satisfies the OFT that he is a fit person to carry on that type of business with no limitation,
he shall be entitled to be issued with a standard licence covering the carrying on of that type of business with no limitation.
(1AA) If such an applicant -
(a) makes an application within subsection (1)(b) of section 24A in relation to a type of business, and
(b) satisfies the OFT that he is a fit person to carry on that type of business so far as it falls within the description or descriptions of business set out in his application in accordance with subsection (2) of that section,
he shall be entitled to be issued with a standard licence covering the carrying on of that type of business so far as it falls within the description or descriptions in question.
(1AB) If such an applicant makes an application within section 24A(1)(a) or (b) in relation t