Cap. 578 ст. 5Operational requirements. Cap. 451.

(1) The issuing of a licence by the regulatory authority shall be subject to:

(a) the submission by the applicant and the evaluation of documents, including due diligence documentation, and other prescribed information as may be deemed necessary in order to ensure fulfilment of licence requirements;

(b) the attainment by the applicant of authorizations, permits, approvals and clearances from other entities as may be prescribed and applicable under this Act and under any other relevant legislation current at the time;

(c) compliance by the applicant with terms and conditions as may be prescribed, including the possession of relevant qualifications in line with the Mutual Recognition of Qualifications Act and of any regulations made there under:

Provided that the regulatory authority may at its own discretion request additional information as may be necessary for the evaluation of the application.

(2) The issuing of a letter of intent by Malta Enterprise shall be subject to the applicant submitting an application on the prescribed form: Provided that Malta Enterprise may at its own discretion request additional information as may be necessary for the evaluation of the application.

(3) Notwithstanding any licence, permit or authorisation issued, the Commissioner of Police may, if a crime is carried out on the premises where any activity authorised under this Act is taking place, or is suspected to be carried out or is expected to happen take any action as reasonably necessary.

(4) The withdrawal, revocation, cancellation or expiry of either the license or the letter of intent, or both the license and the letter of intent, issued under this Act shall preclude the holder thereof from carrying out any activity under this Act.