(1) An application for a broker dealer licence shall be made in the prescribed form and accompanied by the prescribed fee, and shall—
(a) give the Commission information it reasonably requires—
(i) about the services which the applicant will hold itself out as being able to provide if the application is allowed,
(ii) about the business which the applicant proposes to carry on and to which the application relates, and about any person whom the applicant proposes to employ or with whom the applicant intends to be associated in the course of carrying on the business, and
(iii) to enable the Commission to consider the matters referred to in sections 48(3) and 48(4);
(b) nominate as a principal at least one individual who will actively participate in, and who will be responsible for the supervision of, its business; and
(c) specify the location of all premises at which the records or other documents of the business for which the application is made are to be kept.
(2) The Commission may require an applicant to provide it with such further information as the Commission thinks necessary.