(1) An application for an investment adviser 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 himself or herself out as being able to provide if the application is allowed,
(ii) about the business which the applicant's company proposes to carry on and to which the application relates, and
(iii) to enable the Commission to consider the matters referred to in sections 54(3) and 54(4); and
(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.