34Who can apply for a licence?

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34 Who can apply for a licence?

(1) The following persons may apply to the Regulator for a licence—

(a) a natural person of or over the age of 18 years—

(i) on the person's own behalf; or

(ii) on behalf of a partnership in which the person is a partner;

(b) a body corporate.

(2) Despite subsection (1)—

(a) a natural person cannot apply for a licence if the natural person or, if the natural person is applying on behalf of a partnership, any partner in the partnership, is a disqualified person; and

(b) a body corporate cannot apply for a licence if the body corporate or any director of the body corporate is a disqualified person.

S. 34A inserted by No. 51/2024 s. 8.