(1) A person who wishes to carry on banking business or operate a financial holding company shall make an application for a licence in Form 1 or Form 2 respectively in the Schedule.
(2) An applicant shall submit with the application —
(a) a personal questionnaire for each significant shareholder, director and officer in Form 3 of the Schedule;
(b) supporting documentation under sections 7(1), 7(2) and 36(2) of the Act and listed in the corresponding application form set out in the Schedule; and
(c) a non-refundable application fee as set out in Schedule I to the Act.
(3) An applicant shall complete a form set out in the Schedule in accordance with notes specified in the form.