Deep Seabed Mining Act 2015 s 7

s 7 Criteria for grant of licence, etc.

7.—(1) Only a Singapore company may apply for and be granted a licence. (2) A Singapore company may be granted more than one licence. (3) Before granting a licence to a Singapore company, the Minister must be satisfied that —(a) the company meets, or is likely to meet, the qualification standards under Annex III, Article 4 of the Convention; (b) the company will be applying to the ISA to enter into a corresponding ISA contract; (c) it is in Singapore’s interest to grant the licence and sponsor the company’s application for a corresponding ISA contract; and (d) any other criteria that may be prescribed are met.

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