55Requirement to provide information in relation to persons interested in licensee’s business

#### 55 Requirement to provide information in relation to persons interested in licensee’s business 55 Requirement to provide information in relation to persons interested in licensee’s business > > (1) If a person (other than the licensee or a financial institution) becomes interested in the business, or the conduct of the business, carried out on licensed premises, it is a condition of the licence that the NICC is provided with the following information within 28 days after the other person becomes so interested— > > > > > (a) the name and date of birth of the person so interested and, in the case of a proprietary company, the names of the directors and shareholders, > > > > > (b) a statement, signed by the licensee, that the licensee has made all reasonable inquiries to ascertain the information referred to in paragraph (a). > > > (2) For the purposes of subsection (1), a person is interested in the business, or the conduct of the business, carried out on licensed premises if the person is entitled to receive— > > > > > (a) any income derived from the business, or any other financial benefit or financial advantage from the carrying on of the business (whether the entitlement arises at law or in equity or otherwise), or > > > > > (b) any rent, profit or other income in connection with the use or occupation of the premises on which the business is to be carried on. > > > (3) The information required to be provided to the NICC under this section may be provided by the interested person. > > > (4) If a person ceases to be a person who, in accordance with this section, is interested in the business, or the conduct of the business, carried out on licensed premises, it is a condition of the licence that the NICC is, within 28 days of the person ceasing to have that interest, notified in writing that the person is no longer such an interested person.