Section 17C: Application of sections 17A and 17B
This section is inserted by Finance (Miscellaneous Provisions) Act, section 34.
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
17C. Application of sections 17A and 17B
(1) Sections 17A and 17B shall also apply to an application for the
grant of a global business licence and an application for authorisation as an
Authorised Company.
(2) Section 17B shall not apply to –
(a) any application submitted prior to 1 October 2024;
(b) any application for a licence specified in the Second
Schedule to the Virtual Asset and Initial Token Offering
Services Act 2021;
(c) any application for registration to carry out the business
of initial token offerings under the Virtual Asset and
Initial Token Offering Services Act 2021; and
(d) any other application or matter as may be specified in
FSC Rules.
(c) by inserting after section 22A, the following new section –
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Questions this section answers
- Do the new application-completeness rules apply to a Global Business Licence application?