Banking Act 1987 (repealed)
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Change 1
8 Applications for authorisation.
(1) Any institution may make an application for authorisation to the Authorityother than— (a) a credit institution incorporated in or formed under the law of any part of the United Kingdom whose principal place of business is outside the United Kingdom; and (b) a credit institution incorporated in or formed under the law of another member State. (2) Any such application— (a) shall be made in such manner as the Authority may direct; and (b) shall be accompanied by— (i) a statement setting out the nature and scale of the deposit-taking business which the applicant intends to carry on, any plans of the applicant for the future development of that business and particulars of the applicant’s arrangements for the management of that business; and (ii) such other information or documents as the Authority may reasonably require for the purpose of determining the application. (3) At any time after receiving an application and before determining it the Authority may by written notice require the applicant or any person who is or is to be a director, controller or manager of the applicant to provide additional information or documents. (4) The directions and requirements given or imposed under subsections (2) and (3) above may differ as between different applications. (5) Any information or statement to be provided to the Authority under this section shall be in such form as the Authority may specify; and the Authority may by written notice require the applicant or any such person as is mentioned in subsection (3) above to provide a report by an accountant or other qualified person approved by the Authority on such aspects of that information as may be specified by the Authority. (6) An application may be withdrawn by written notice to the Authority at any time before it is granted or refused.
8 Applications for authorisation.
(1) Any institution may make an application for authorisation to the Authorityother than— (a) a credit institution incorporated in or formed under the law of any part of the United Kingdom whose principal place of business is outside the United Kingdom; and (b) a credit institution incorporated in or formed under the law of another member State. (2) Any such application— (a) shall be made in such manner as the Authority may direct; and (b) shall be accompanied by— (i) a statement setting out the nature and scale of the deposit-taking business which the applicant intends to carry on, any plans of the applicant for the future development of that business and particulars of the applicant’s arrangements for the management of that business; and (ii) such other information or documents as the Authority may reasonably require for the purpose of determining the application. (3) At any time after receiving an application and before determining it the Authority may by written notice require the applicant or any person who is or is to be a director, controller or manager of the applicant to provide additional information or documents. (4) The directions and requirements given or imposed under subsections (2) and (3) above may differ as between different applications. (5) Any information or statement to be provided to the Authority under this section shall be in such form as the Authority may specify; and the Authority may by written notice require the applicant or any such person as is mentioned in subsection (3) above to provide a report by an accountant or other qualified person approved by the Authority on such aspects of that information as may be specified by the Authority. (6) An application may be withdrawn by written notice to the Authority at any time before it is granted or refused.
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