Section 11Part 3 — PROFESSIONAL DIRECTORS
Licensing by the Authority
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The Authority may grant a licence with or without conditions as the Authority may consider appropriate.
The Authority may not grant a licence to an applicant unless it is satisfied —
that the applicant has sufficient capacity to carry out the applicant's duties as a professional director; and
that the applicant is a fit and proper person for licensing as a professional director.
Defined Terms
Authoritylicenceapplicantprofessional directorfit and proper person