AI Summary of 17. Application for registration
A person may submit an application for registration to the Bank, referred to as an 'application for registration'. This application must be in a specified format, include the applicant's name and principal business address, and provide information demonstrating the applicant's resources, procedures, and arrangements for conducting the business of an ATM deployer or CIT provider. The information must reflect the nature, scale, and complexity of the business, as well as compliance with the applicable obligations under this Act.
Additionally, the application should include any other information or documents as reasonably requested by the Bank for determining the registration application and be accompanied by prescribed fees as per section 41. The Bank may require the applicant to provide further information or documents, within a specified period of not less than 14 days, as necessary for the application assessment.
17. Application for registration
(1) A person may apply to the Bank to be registered under this Part (in this Part referred to as an "application for registration").
(2) An application for registration shall -
(a) be in a form provided or specified by the Bank,
(b) state the name of the applicant,
(c) state the address of the principal place of business of the applicant,
(d) contain information demonstrating that the applicant has in place the resources, procedures and arrangements for the carrying on of the business of an ATM deployer or CIT provider, as the case may be, and the performance of activities relating to that business, taking into account the nature, scale and complexity of its business and the obligations imposed on an ATM deployer or CIT provider, as the case may be, under this Act,
(e) contain such other information, and be accompanied by such documents, as the Bank may reasonably request for the purposes of determining the application for registration under this Part, and