S.L. 188.5 Art. 7Eligibility for a licence. Cap. 77.
(1) The Agency may grant a licence to a person to act as an Agent if it is satisfied that the applicant:
(a) has a clean police conduct certificate issued by the
Commissioner of Police in accordance with the Conduct
Certificates Ordinance in the thereunder prescribed Form A or its equivalent;
(b) satisfies the due diligence process carried out in respect of such person by the Agency;
(c) completes the training programme mentioned in these regulations.
(2) The person authorised to act as an Agent must:
(a) hold a Professional Indemnity Insurance policy with a reputable insurance company acceptable to the Agency, with a cover of not less than one million euro (€1,000,000) or such higher figure as the Agency may determine from time to time;
(b) be able to demonstrate to the Agency that he, or in the case of a legal person, that the group of which it forms part, has unrestricted access to a recognised, reputable due diligence database, and in either case, be able to provide the Agency, upon request, with the results of their due diligence procedures;
(c) submit an application form together with all requested documentation and information that the Agency may request;
(d) undertake to provide any documentation or information as may be requested by the Agency from time to time;
(e) provide the Agency a fixed address and an email address where any notifications under these regulations shall be sent, and update them in case of any change thereto; a notification by the Agency to such fixed address or the email address so provided shall be deemed to have been validly affected.
(3) The Agency shall publish a list of all licensed Agents on its website, which list shall indicate the names, contact details and other relevant particulars of such Agents.