Registered Agents and Trustees Licensing Order, 2000 · s 9

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9.
(1) On receipt of an application made in accordance with section 6 for a licence and after being furnished with all such information and documents as he may require under that section, the Authority may either grant a licence on such terms and subject to such conditions (including conditions imposed under section
12) as he think fit or he may refuse the application.
(2) In deciding whether to grant a licence or refuse the application, the
Authority may take into account whether granting a licence may be prejudicial to -
(a) the interests of any interested person;
(b) the protection of the reputation and integrity of Brunei Darussalam in financial or commercial matters;
(d) the peace and security of Brunei Darussalam.
(3) Without prejudice to the generality of subsection (Z), the Authority may refuse an application for a licence if -
(a) the Authority is not satisfied that the requirements specified in
Part I of the Second Schedule are or will be satisfied:
(b) the Authority is not satisfied that the applicant is a fit and proper person to be licensed to carry on the business for which a licence is sought;
(c) if the applicant has at any time -
(i] failed to provide information required of the applicant by the
Authority under any of the provisions of this Order; or
(ii) provided information which was untrue or misleading in any material respect; or
(4) In determining whether for the purposes of paragraph (b) of subsection
(3)(b) the applicant is a fit and proper person, the Authority may have regard to -
(a) the integrity, probity, competence, soundness of judgment, diligence, financial standing, structure and organisation of -
(i) the applicant; and
(ii) any person who is a controller or employee of the applicant, or any associate of the applicant for the purposes of his business;
(b) the conviction of any person referred to in paragraph (a] for an offence under this Order or for any offence involving dishonesty;
(c] the nature of the business which the applicant proposes to carry on;
and
(d) the previous conduct and activities of any person referred to in sub-paragraphs (a/(i] and (ii) in business or financial matters.
Procedure on grant or refusal of licence.

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s 9

(1)

On receipt of an application made in accordance with section 6 for a licence and after being furnished with all such information and documents as he may require under that section, the Authority may either grant a licence on such terms and subject to such conditions (including conditions imposed under section

12) as he think fit or he may refuse the application.

(2)

In deciding whether to grant a licence or refuse the application, the

Authority may take into account whether granting a licence may be prejudicial to -

(a)

the interests of any interested person;

(b)

the protection of the reputation and integrity of Brunei Darussalam in financial or commercial matters;

(d)

the peace and security of Brunei Darussalam.

(3)

Without prejudice to the generality of subsection (Z), the Authority may refuse an application for a licence if -

(a)

the Authority is not satisfied that the requirements specified in

Part I of the Second Schedule are or will be satisfied:

(b)

the Authority is not satisfied that the applicant is a fit and proper person to be licensed to carry on the business for which a licence is sought;

(c)

if the applicant has at any time -

(i] failed to provide information required of the applicant by the

Authority under any of the provisions of this Order; or

(ii)

provided information which was untrue or misleading in any material respect; or

(4)

In determining whether for the purposes of paragraph (b) of subsection

(3)

(b)

the applicant is a fit and proper person, the Authority may have regard to -

(a)

the integrity, probity, competence, soundness of judgment, diligence, financial standing, structure and organisation of -

(i)

the applicant; and

(ii)

any person who is a controller or employee of the applicant, or any associate of the applicant for the purposes of his business;

(b)

the conviction of any person referred to in paragraph (a] for an offence under this Order or for any offence involving dishonesty;

(c] the nature of the business which the applicant proposes to carry on;

and

(d)

the previous conduct and activities of any person referred to in sub-paragraphs (a/(i] and (ii) in business or financial matters.

Procedure on grant or refusal of licence.