s 5 Power of Board to approve commodity market
5.—(1) A body corporate may apply to the Board for approval as a commodity market in such form and manner as may be prescribed and the body corporate must, in connection with that application, provide such information as the Board may require. (2) The Board may, in writing, approve a body corporate as a commodity market if it is satisfied that —(a) the business rules of the body corporate make satisfactory provision for the matters referred to in section 6; (b) the interests of the public will be served by granting the application. (3) The Board must not refuse to approve a body corporate as a commodity market under this section without giving the applicant an opportunity of being heard.