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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 23 April 2021 - onwards
    Version 1 of 1    

106H. Grant and refusal of applications for registration.

(1) The Bank may refuse an application for registration under section 106G only if -

(a) the application does not comply with the requirements of section 106G,

(b) the applicant does not provide any additional documents or information in accordance with a notice given under section 106G,

(c) the Bank has reasonable grounds to be satisfied that information given to the Bank by the applicant in connection with the application is false or misleading in any material particular,

(d) the Bank has reasonable grounds to be satisfied that any of the following persons, is not a fit and proper person:

(i) the applicant;

(ii) in a case in which the applicant is a body corporate or partnership, any principal officer of the body corporate or partnership (as the case may be);

(iii) any person who is, or is proposed to be, a beneficial owner of the applicant,

(e) the applicant has failed to satisfy the Bank that the applicant would, if registered, comply with the obligations imposed on the applicant u

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