Submission of Application
Applications should be submitted to the Authority via the Authority's Online Applications Portal or by way of a hard copy submission. The Application Form which is contained within the license relevant section of the website is to be submitted to the Authority in support of a License Application. Kindly note that the application fees should be paid in advance or accompanied with the application submitted to the Authority by way of a company cheque or bank deposit slip.
Due Diligence Documentation
The Authority is required to ensure that every person who is, or is to be, a director, chief executive, manager and key personnel of a licensee is fit and proper to hold the particular position that he holds or is to hold. In determining the fitness and probity of the directors, chief executive, managers and key personnel of a proposed licensee the Authority requires applicants to submit the following documentation:
- A certified copy of the appointees national identity card/passport
- Comprehensive CV of the directors or key personnel (as prescribed in the First Schedule, 1(h) of the Capital Markets (License) Regulations, G.N. No. 417 of 1996;
- Certified copies of their Police Clearance Certificates from the Criminal Investigations Department (or its equivalent in other jurisdictions); and
- The Duly completed Fit and Proper form. (This can be downloaded within this section of the website.)