41Registration of a person as an accountable person

41 Registration of a person as an accountable person

(1) An accountable entity may apply to the Regulator to register a person as an accountable person in respect of the accountable entity or a significant related entity of the accountable entity. (2) The application must: (a) be in the form approved in writing by the Regulator; and (b) contain the information that the form requires; and (c) include a signed declaration that the accountable entity is satisfied the person is suitable to be an accountable person; and (d) if the accountable entity is required under section 31 to give an accountability statement complying with section 33—include the accountability statement for the person. (3) The Regulator may, by written notice given to the accountable entity, request the accountable entity to give to the Regulator further information in relation to the application. (4) The Regulator must, within the period provided under subsection (5), register a person as an accountable person if: (a) the application meets the requirements of subsection (2); and (b) the accountable entity gives to the Regulator any further information requested under subsection (3) in relation to the application; unless the accountable entity withdraws the application before the day of registration. (5) The period for registration under subsection (4) is the period of 21 days after the later of: (a) the day the application is made; or (b) if the Regulator requests the accountable entity to give further information under subsection (3) in relation to the application—the day the accountable entity gives the further information to the Regulator.