General Rule 2.3 Rejection of Licence Application

Pursuant to Article 21(1) of the QFCARegulations, the QFCA shall have the discretion and power to reject an Application if the QFCA considers, after review of the Application, that the Application does not meet the Objectives, strategies and priorities set by the QFCA from time to time (including, but not limited to, the consideration of the existing number and composition of Licensed Firms in the QFC), taking into account the matters set out in Article 21(2) of the QFCARegulations.

Amended (as from 23rd September 2014)