S.L. 441.7 Art. 49Licensing application.

(1)An application for a trading licence in order to carry out the business of a dealer in precious metals and stones shall be made to the Trade Licensing Unit on the appropriate form which shall inter alia include the following information:

(a) an indication whether the applicant is a sole trader or a commercial partnership;

(b) the address of the applicant’s head office and the principal place of business if applicable;

(c) the names of the persons who effectively direct the business and operations and in the case of sole traders also the names of the owners;

(d) the business activity in respect of which the application is being applied for.

(2) Where the business is a commercial partnership the form shall also include:

(a) the official full name and registration number of the commercial partnership;

(b) the date of incorporation or registration of the commercial partnership;

(c) the registered address or principal place of business of the commercial partnership;

(d) the names and identity reference numbers of all directors, partners, the company secretary and beneficial owners of the commercial partnership.

(3) The application shall be accompanied by the following documents:

(a) a police certificate, issued not more than one (1) month before the date of filing of the application, of the persons who effectively direct the business, of the owner or owners of the business and as applicable of all directors, partners, the company secretary and beneficial owners; and

(b) a document issued by the statutory auditors or audit firms responsible to carry out the audit of the operation in question indicating such responsibility.

(4) Without prejudice to the above sub-regulations, the Trade Licensing Unit may require the applicant to submit further documentation and information.

(5) An application form shall not be deemed to be complete unless the Trade Licensing Unit is in receipt of all the documentation required to be submitted together with the application form.