S.L. 499.65 Art. 8Requirements.

(1) The Authority shall not issue a licence unless it is satisfied that the applicant railway undertaking meets the requirements of good repute, financial fitness, and professional competence in terms of regulations 9 to 11, both inclusive, and that it is also covered by a valid and sufficient insurance policy in terms of regulation 12.

(2) Each applicant railway undertaking shall provide all relevant information required by the Authority in order to ascertain the applicant’s conformity with these regulations.