Section 19
Registration of brokers
An application for registration to carry out brokering of strategic items referred to in section 11 shall be made to the relevant
Authority in accordance with the regulations made under this Act.
(2)
An application under this section may be withdrawn at any time before it is granted or refused.
(3)
The relevant Authority may, at any time after the receipt of an application under this section and before the application is determined, by a written notice, require the applicant to provide any additional documents or information to the relevant Authority within the period specified in the notice.
(4)
If the additional documents or information required under subsection (3) are not provided by the applicant within the period specified in the notice or any extended period granted by the relevant
Authority, the application shall be deemed to be withdrawn and shall not be further proceeded with, but without affecting the right of the applicant to make a fresh application.
(5)
The relevant Authority may, after considering the application for registration and any additional documents or information provided
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under subsection (3) and being satisfied that all the requirements have been fulfilled, register the applicant or refuse registration.
(6)
Registration under this section shall be valid for a period of one year and shall be renewable upon application.
(7)
The relevant Authority may impose such conditions as it considers appropriate in granting the registration.
(8)
The conditions imposed upon the registration may at any time be varied or amended by the relevant Authority provided that the registered broker is given a reasonable opportunity of being heard.
(9)
The decision of the relevant Authority under this section shall be communicated to the applicant by written notice as soon as practicable.
(10)
The written notice by the relevant Authority under subsection (9) shall specify—
(a)
in the case where the registration is granted, the fact of such registration and the conditions, if any, imposed under subsection (7); and
(b)
in the case of a refusal of registration, the fact of such refusal and the reason for the refusal.
(11)
The relevant Authority may, at any time, suspend or revoke a registration if—
(a)
the registered broker has failed to comply with any provisions of this Act;
(b)
the registered broker has failed to comply with any conditions attached to the registration;
(c)
the registered broker had improperly or illegally obtained the registration; or
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(d)
it is necessary for national interest, national security or non-proliferation purposes, and shall notify the registered broker within thirty days by a notice in writing that the registration has been suspended or revoked.
(12)
A suspension or revocation under subsection (11) shall remain in force until the registered broker has taken measures to the satisfaction of the relevant Authority to remove the reasons for such suspension or revocation.
(13)
For the purpose of paragraph (11)(d), the determination of what amounts to national interest and national security shall be made by the
Minister and such determination shall be final and binding upon all persons and shall not be challenged, appealed against, reviewed, quashed or questioned in any court.