(3) The Commission may, in the discretion of the Commission, grant or reject an
application for an individual licence taking into consideration -
(4)
(a)
the market for the licence being requested;
(b)
the published criteria by which the licence shall be issued; and
(c)
whether or not the issue of the licence is in the public interest.
The Commission may reject the application if (a)
the information submitted is not complete or if the information is not
submitted in strict compliance with the requirements set out in the decision
issued under subsection (1) or with this Act;
(b)
the information provided is discovered to be false or inaccurate;
(c)
the applicant has an outstanding licence fee or any other outstanding
amounts due to the Commission;
(d)
the previous licence of the applicant had been revoked or suspended, even
outside Swaziland; or
(e)
the Commission suspects that the applicant or a person directly involved in
the business of the applicant may reasonably pose a threat to public trust,
public security or public order.
(5) The Commission shall complete an evaluation of the registration of an individual
licence within six months from the date of submission of the application.
(6) An applicant shall submit any information requested by the Commission during the
evaluation process, relating to the registration of an individual licence, and failure to do so within
three months from the date of request shall result in a rejection of the application.
(7)
Where the individual licence to be issued is to be limited in number, the Commission
(a)
shall publish a consultative document providing a detailed explanation of
the reasons for the proposed limitation and consider representations made to
the Commission on the matter; and
(b)
may make use of competitive or comparative selection procedures.
(8) The Commission shall prescribe rules and procedures that shall ensure that only bona
fide bidders participate in bidding.
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