Regulation 55 Application to Bank for authorisation to operate regulated market
An application for authorisation under this Part shall be in such form, and contain or be accompanied by such records and information, as the Bank may specify in order to enable the Bank to satisfy itself that the regulated market has established, at the time of authorisation, all the necessary arrangements to meet its obligations under this Part, including but not limited to all or any of the following:
(a) a programme of operations setting out particulars of the type of business to be carried on or likely to be carried on by the market operator of the proposed regulated market, or by the proposed regulated market if it is a legal person and will itself operate its own business as a regulated market;
(b) information about the organisational structure, any person or persons having a qualifying shareholding or having control or ownership of the market operator of the proposed regulated market, including but not limited to any natural or legal person whose shareholding in or other commercial relationship with the person who will be the market operator might influence the latter's conduct to a material degree;
(c) where relevant, a certified copy of the memorandum of association and articles of association or other constituting documents of the market operator of the proposed regulated market.