(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
…