PART 2Registration as a participant
CHAPTER 1General
Applications, information and charges11
1
A requirement to apply for registration as a participant means that an application for registration must—
a
be made to the administrator and, unless otherwise agreed by the administrator, be made using the Registry; and
b
include—
i
the information in section 1 of Schedule 5; and
ii
the charge for registration as a participant under article 81.
2
When requested by the administrator, the applicant must provide such suitable and up to date evidence of identity as the administrator may require in respect of—
a
the intended account holder of the compliance account; and
b
the individuals who will access the compliance account.
3
The administrator may require other information from applicants or any particular applicant in order to effect a registration.
4
The requirements to apply for registration as a participant under this Part apply in respect of each phase.
Time for applications12
An application for registration as a participant under this Part must be made in respect of—
a
the first phase, on or before 30th September 2010;
b
the second and subsequent phases, within 6 months of the beginning of the phase.
Registration and certificates13
1
Where the administrator is satisfied that an application has been duly made, it must—
a
register the applicant as a participant;
b
issue a certificate of registration to the participant, the certificate to be in such form as the administrator thinks fit.
2
An applicant registered under paragraph (1) is a participant for the relevant phase, unless the administrator cancels that registration.
3
The administrator must maintain an up to date list of participants.