Article 19 - Application
Application for a Licence to conduct Permitted Activities may be made to the QFC Authority by:
(A) a body corporate;
(B) a partnership; or
(C) an unincorporated association.
Licence constitutes an approval, authorisation or licence for the purposes of Article 12(1) of the QFC Law.
Licensed Firm may apply to the QFC Authority to vary its Licence. A variation may include:
(A) extending a
Licensed Firm’s Licence to include Permitted Activities other than those in respect of which it already has a Licence;
(B) varying conditions restrictions or requirements imposed on its
accordance with Article 21(1) or 23(2); or
(C) withdrawing its
Licence in respect of one or more Permitted Activities.
Applicant for a Licence, variation of a Licence or withdrawal of Licence as a whole
may withdraw its Application by giving the QFC Authority written notice at any time before the QFC Authority determines the Application.