§ 43 — Security clearance a prerequisite for licence, etc.

43.—(1) An individual is not eligible for a licence, or to continue to hold a licence, unless the individual has a security clearance that is in force.(2) A person that is not an individual is not eligible for a licence, or to continue to hold a licence, unless —(a)

all of its responsible executives each has a security clearance that is in force; and

(b)

at least one close associate of the person has a security clearance that is in force.

(3) A security clearance may be granted or cancelled by a Licensing Officer in accordance with this Division.

—(1) An individual is not eligible for a licence, or to continue to hold a licence, unless the individual has a security clearance that is in force.

(2) A person that is not an individual is not eligible for a licence, or to continue to hold a licence, unless —(a)

all of its responsible executives each has a security clearance that is in force; and

(b)

at least one close associate of the person has a security clearance that is in force.

(3) A security clearance may be granted or cancelled by a Licensing Officer in accordance with this Division.