Cap. 331 Art. 44Application for authorisation.

(1) An application for authorisation in terms of article 43

shall be made in the form and manner required by the Authority and shall furthermore:

(a) contain or be accompanied by such information and particulars, in addition to those required by this article, as the Authority may require or as may be prescribed;

(b) be verified in the manner and to the extent required by the Authority, or as may be prescribed;

(c) contain the address in Malta for service on the applicant of any notice or other document required or authorised to be served on him by or under this Act;

(d) be accompanied by a programme of operations setting out such matters as may be prescribed by the Authority from time to time;

(e) be accompanied by such fee as may be prescribed in respect of the authorisation applied for.

(2) Where close links exist between an applicant and any other person, the Authority shall:

(a) only grant a licence if it considers that such close links do not prevent it from exercising its supervisory functions; and

(b) refuse to grant such a licence if it considers that the laws, regulations or administrative provisions of any country outside Malta governing one or more persons with whom the applicant has close links, or their enforcement prevent the effective exercise of its supervisory functions.