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Consideration of application

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..... securities market, including but not limited to the following - (a) whether the applicant or any of its associates have in the past been refused certificate by the Board and if so, the ground for such refusal; (b) whether the applicant, its directors or partners, or trustees, as the case may be or its principal officer is involved in any pending litigation connected with the securities market whic .....

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..... lity requirements as set out under these regulations or the relevant regulations; (e) where the applicant is not a fit and proper person' as stated in Schedule II; (f) where the principal officer does not have the requisite qualification or experience as required under the relevant regulations; shall be rejected by the Board for reasons to be recorded by the Board in writing. (3) Before reject .....

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