Registration criteria for registrars and share transfer agents require fit and proper status and compliance with infrastructure and capital requirements. Regulation 6 requires the Board, when considering grant of a certificate to a registrar or share transfer agent, to evaluate matters relevant to the applicant's capacity and integrity, including adequacy of office infrastructure, equipment and manpower, past experience, whether any connected person has been refused registration, fulfillment of the capital adequacy requirement in Regulation 7, any disciplinary proceedings under the Act, convictions for moral turpitude or economic offences affecting key officers, and whether the applicant is a fit and proper person.