Section 209
( 1)
of Securities Markets Order, 2013
Any application for an order declaring a collective investment scheme to be a licensed collective investment scheme must be made to the Authority by the operator and custodian, or proposed operator and custodian, as the case may be, of the collective investment scheme.
(2)
The application -
{a}
must be made in such manner as the Authority may direct;
{b)
must contain or be accompanied by such information as the
Authority may reasonably require for the purpose of determining the application; and
{c)
must be accompanied by a non-refundable prescribed application fee, which shall be paid in the manner specified by the Authority.
(3)
At any time after receiving an application and before determining it, the
Authority may require the applicants to provide it with such further information, as it reasonably thinks necessary to enable it to determine the application.
(4)
The Authority may give different directions, and impose different requirements in relation to different applications.
(5)
The Authority may require applicants to present information which they are required to give under this section in such form, or to verify it in such a way, as the Authority may direct.
Grant of collective investment scheme licence.