(1) A person who wishes to carry on a regulated business can apply to the Bank for an authorisation to carry on such a business.
(2) An application must -
(a) be in a form provided or specified by the Bank, and
(b) contain such information, and be accompanied by such documents, as the Bank requests, and
(c) be accompanied by the fee (if any) prescribed under section 33K of the Central Bank Act 1942 for the purposes of this subsection.
(3) The Bank may, by written notice given to an applicant, require the applicant to provide such additional information and documents as are reasonably necessary to enable it to determine the application. If such a requirement is not complied with within a period specified in the notice, not less than 14 days, the Bank may refuse the application.