S.L. 345.30 Art. 4Application for registration as a sponsor.

(1) An application for the registration of a sponsor shall be made by the applicant to the competent authority in accordance with article 12B and shall be:

(a) submitted in such form and manner as the competent authority may determine, containing such information as may be prescribed or otherwise required under the Capital Markets Rules as established by the competent authority;

(b) subject to verification in such manner and to such extent as the competent authority may consider necessary;

(c) accompanied by the applicable non-refundable application fee, as may be prescribed, irrespective of whether the competent authority grants the registration or otherwise.

(2) The applicant shall be required, with utmost good faith, to diligently submit full and correct information whenever it is required to do so, to support the competent authority in carrying out its review to establish whether the applicant is eligible to provide the services of a sponsor in Malta.

(3) The applicant shall, on an ongoing basis, comply with and observe the requirements of these regulations and Rules issued thereunder, as applicable.

(4) The competent authority shall immediately reject applications which do not comply with the requirements prescribed in these regulations and any applicable Rules issued thereunder, including but not limited to, the Capital Markets Rules.