S.L. 376.11 Art. 4Application for admission.

(1) Any natural or legal person intending to carry out all or any credit intermediation activities in or from Malta, shall apply with the competent authority for admission as a credit intermediary, in accordance with these regulations:

(2) An application for admission in terms of these regulations shall be made in such form and manner and shall be accompanied by such information and shall conform to such conditions as the competent authority may, from time to time, establish in Credit Intermediaries Rules. The application for admission shall be accompanied by such fee as may be prescribed.

(3) The competent authority shall have the power to require any person to provide such information as it may deem necessary for the purpose of determining an application for admission:

Provided that an application may only be withdrawn by an applicant by written notice to the competent authority before admission is granted or refused.

(4) In the event of reasonable doubt as to whether any credit intermediation activities are or are not being carried out in or from Malta by any person, the matter shall be conclusively determined by the competent authority.