(1) A person who wishes to obtain a licence to operate, or carry on the business of, a credit bureau shall —
(a) apply to the Central Bank in the prescribed form;
(b) provide the Central Bank with —
(i) an address for service in the Currency Union;
(ii) a statement of the address of its head office and the locations of the principal and other places of business where the applicant proposes to do business in the Currency Union;
(iii) information, to the satisfaction of the Central Bank, regarding the start up capital of the credit bureau specified in section 9(2);
(iv) the prescribed particulars regarding the directors and officers of the applicant;
(v) the prescribed documents and information; and
(c) submit to the Central Bank the prescribed non-refundable application processing fee.
(2) Where the Central Bank is not satisfied with the adequacy of any information submitted by the applicant for purposes of processing an application; the Central Bank may request additional information before making a final determination.