S.L. 441.7 Art. 50Eligibility criteria. Cap. 9.

For a person to be eligible for a licence under this Part, that person must:

(a) be over eighteen (18) years old;

(b) not have been convicted by any competent court or tribunal in or outside Malta, of any offence punishable by deprivation of liberty or a detention order for a maximum of more than one (1) year or, in the case of jurisdictions that have a minimum threshold for offences in their legal systems, any offence punishable by deprivation of liberty or a detention order for a minimum of more than six (6) months, other than involuntary homicide or other crime against the person excusable in terms of the Criminal Code; and

(c) is, in the opinion of the Trade Licensing Unit, a fit and proper person to carry on the business of a dealer in precious metals and stone, after the Trade Licensing Unit considered the person’s conduct and repute, and the interests of the public: Provided that for a commercial partnership to be eligible for a licence under these regulations, the directors, partners, secretary and beneficial owners must satisfy the eligibility criteria under paragraphs (b) and (c).