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    <title>In-principle approval</title>
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    <description>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.</description>
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      <description>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.</description>
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