Section 157

The application must be made in such manner as the Authority may direct and must be accompanied by fa} the required particulars as prescribed by regulations made by the

Authority;

fb}

such other information as the Authority may reasonably require for the purpose of determining the application; and fc} a non-refundable application fee, which shall be paid in the manner specified by the Authority.

In granting a capital markets services licence or a representative's licence/ the Authority shall specify the regulated activity or activities which relate to the licence in such a manner as the Authority thinks fit.

An applicant who is granted a capital markets services licence or representative's licence under this Order is subject to the continuous supervision of the Authority and must ensure that he complies at all times with the requirements for initial licensing including capital requirements and any other continuing obligations under this Order.

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The Authority shall grant a licence only if it is satisfied that the applicant is a fit and proper person and complies with the requirements of this

Order and any regulations made thereunder and where it is in the interests of

Brunei Darussalam to grant such a licence.

Requirements for capital markets services representative's licence.