Article 7 Licensing procedure

(1)

A person applying for a licence must—

(a)

apply in writing; and

(b)

include such documentation and information that may be required for taking the relevant licensing decision.

(2)

The Treasury—

(a)

are not required to consider an application which is incomplete; but

(b)

if an application is incomplete, must infom the applicant of the further documentation or information required.

(3)

The Treasury may grant a licence without an application having been made.

(4)

The Treasury may authorise a person to grant licences on their behalf.

(5)

A person who provides information, or produces a document, which he or she knows is false in a material particular with a view to obtaining a licence is guilty of an offence.

(6)

A person who recklessly provides information, or produces a document, which is false in a material particular with a view to obtaining a licence is guilty of an offence.