Section 12: Licensing of external pension scheme
consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
12. Licensing of external pension scheme
(1) An application for an external pension scheme to be licensed shall be
made to the Commission by the holder of a Category 1 Global Business
Licence, in such form and manner as may be specified in FSC Rules, and shall
be accompanied by the documents, fee and information specified in section 9.
(2) The Commission may, where the requirements specified in this Act or
the FSC Rules are complied with, issue, on such terms and conditions as it
may determine, an external pension scheme licence to an external pension
scheme.
Sub-Part E – Further Information and False Statements