Section 9 — Criteria for registration or renewal of registration of corporate service providers

(1)The Registrar must refuse to register, or to renew the registration of, a corporate service provider —

(a)unless the applicant is one of the following:

(i)an individual, or a partnership, registered under the Business Names Registration Act 2014;

(ii)a company;

(iii)a limited liability partnership;

(iv)a limited partnership;

(b)unless the applicant meets at least one of the following criteria:

(i)the applicant (being an individual) is a registered qualified individual;

(ii)at least one partner of the applicant (being a partnership, limited liability partnership or limited partnership) is a registered qualified individual;

(iii)the applicant employs, engages or appoints at least one registered qualified individual to provide corporate services for, or supervise the provision of corporate services by, the applicant;

(c)if the Registrar is satisfied that any key appointment holder of the applicant is not a fit and proper person;

(d)if the applicant is an individual who has not successfully completed a prescribed course or training;

(e)if the applicant is not an individual — any key appointment holder of the applicant has not successfully completed a prescribed course or training; or

(f)if the applicant has had a previous registration as a registered corporate service provider cancelled under section 19(2) or (3) less than 2 years before the date of the applicant’s application for registration as a registered corporate service provider.

(2)In determining for the purposes of subsection (1)(c) whether any key appointment holder of an applicant is a fit and proper person, the Registrar may consider such factors as may be prescribed.