51Consideration of application

51 Consideration of application (1) On receipt of an application for a key person licence the commission must, subject to this section— (a) grant the application; or (b) refuse to grant it. (2) The commission may grant an application only if— (a) if the application discloses that a key relationship exists or is proposed to exist with a licensed provider—the commission is satisfied of the existence or the proposed existence of the relationship; and (b) the commission is satisfied that the applicant is a suitable person to hold a key person licence. (3) In deciding whether an applicant is a suitable person to hold a key person licence, the commission may require the applicant to supply a written police report about the applicant’s criminal history and may have regard to— (a) the application and the documents submitted with it; and (b) the applicant’s character; and (c) the applicant’s current financial position and financial background; and (d) the applicant’s general suitability to carry out functions for a licensed provider as a key person. (4) The commission is not required to consider an application for a key person licence until the applicant satisfies the requirements of the regulations relating to satisfactory evidence of the applicant’s identity.