(1) An application for a licence must be accompanied by a written statement,
made by a person having knowledge of the facts, specifying--
(a) that the
person has made all reasonable inquiries to ascertain the information required
to complete the statement, and
(b) whether there are any persons (other than
financial institutions) who will be interested in the business, or the profits
of the business, carried on under the licence, and
(c) if there are any such
persons, their names and dates of birth and, in the case of a proprietary
company, the names of the directors and shareholders.
(2) For the purposes of
subsection (1), a person is interested in the business, or the profits of the
business, carried on under the licence if the person is entitled to receive--
(a) any income derived from the business, or any other financial benefit or
financial advantage from the carrying on of the business (whether the
entitlement arises at law or in equity or otherwise), or
(b) any rent, profit
or other income in connection with the use or occupation of premises on which
the business is to be carried on.
(3) The regulations may provide exceptions
to this section.