S.L. 188.5 Art. 5Licencetoactasan Agent.

(1) The application for a licence to act as an Agent for the purposes of these regulations shall be made with the Agency on the appropriate form together with such documents and information as the Agency may require. The Agent shall be subject to due diligence assessment by the Agency, both upon application and annually thereafter.

(2) The Agency may grant or refuse a licence to an applicant to act as an Agent. The license shall be subject to renewal every year, and the Agency may refuse to renew such licence:

Provided that both the application for the licence and the renewal thereof shall be subject to such annual fee as provided in the First Schedule.