In-principle approval for information utilities: temporary authorisation subject to fit-and-proper and eligibility checks before registration. Regulation 7 permits an applicant seeking to establish an information utility to apply for in principle approval with the required non refundable application fee, demonstrating satisfaction of sub regulation (2). The Board, after any inspection or inquiry, may grant in principle approval if the applicant is a fit and proper person and the proposed or existing company can meet Regulation 3 eligibility criteria. In principle approval is valid for up to one year, may carry conditions, and allows the referred company to apply for a certificate of registration under Regulation 4 without paying the registration application fee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
In-principle approval for information utilities: temporary authorisation subject to fit-and-proper and eligibility checks before registration.
Regulation 7 permits an applicant seeking to establish an information utility to apply for in principle approval with the required non refundable application fee, demonstrating satisfaction of sub regulation (2). The Board, after any inspection or inquiry, may grant in principle approval if the applicant is a fit and proper person and the proposed or existing company can meet Regulation 3 eligibility criteria. In principle approval is valid for up to one year, may carry conditions, and allows the referred company to apply for a certificate of registration under Regulation 4 without paying the registration application fee.
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