Revised Laws of Saint Lucia (2023)

6.   Grant and refusal of application for registration

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   (1)   The Authority shall, on receipt of an application, review the application and may grant or refuse an application.

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   (2)   A grant of an application for registration by the Authority under subsection (1) may be subject to conditions or restrictions as the Authority determines.

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   (3)   The Authority shall refuse an application if the applicant does not fall within the category of persons required to be registered under this Act.

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   (4)   The Authority may refuse an application if —

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      (a)     an application does not comply with section 5(2);

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      (b)     a director, senior manager, beneficial owner or close associate of the applicant has engaged in criminal conduct within a period of 10 years preceding the application;

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      (c)     the applicant, having previously been registered under this Act, has been deregistered under section 11;

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      (d)     it is contrary to the public interest for the applicant to be registered.

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   (5)   The Authority shall notify the applicant in writing —

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      (a)     of the grant of the application; or

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      (b)     of the refusal of the application and provide the reason for the refusal.

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   (6)   Notwithstanding subsection 5(b), the Authority shall, prior to refusing an application, afford the applicant a reasonable opportunity to be heard in support of the application and to make representations to the Authority, whether orally or in writing.