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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 11 August 2022 - onwards
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Regulation 59 Determination of applications for registration under regulations 54 and 55

(1) Subject to regulation 58 and regulation 58A, the registering authority may refuse to register an applicant for registration in a register maintained under regulation 54 or 55 if -

(a) any requirement of, or imposed under, regulation 57 has not been complied with;

(b) it appears to the registering authority that any information provided pursuant to regulation 57 is false or misleading in a material particular;

(c) the applicant has failed to pay -

(i) a penalty imposed by the authority under Part 9;

(ii) a charge imposed by the authority under Part 11; or

(iii) a penalty or charge imposed by the authority under regulation 35(1) or 42(1) of the Money Laundering Regulations 2007;

(d) where the registering authority is not the applicant’s supervisory authority, the supervisory authority opposes the application for registration on reasonable grounds; or

(e) the registering authority suspects, on reasonable grounds -

(i) that the applicant will fail to comply with any of its obligation

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