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.