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The Landsbanki Freezing Order 2008

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Licensing procedure

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7.—(1) A person applying for a licence must—

(a)apply in writing; and

(b)include such documentation and information that may be required for taking the relevant licensing decision.

(2) The Treasury—

(a)are not required to consider an application which is incomplete; but

(b)if an application is incomplete, must infom the applicant of the further documentation or information required.

(3) The Treasury may grant a licence without an application having been made.

(4) The Treasury may authorise a person to grant licences on their behalf.

(5) A person who provides information, or produces a document, which he or she knows is false in a material particular with a view to obtaining a licence is guilty of an offence.

(6) A person who recklessly provides information, or produces a document, which is false in a material particular with a view to obtaining a licence is guilty of an offence.

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