Any entity established in the European Union (EU) or the European Economic Area (EEA) is eligible to apply for a licence, as long as it meets the required Shared Capital requirements and the annual Financial Statements reporting requirements.
Where the applicant for a licence is a body corporate, such an applicant may apply for a licence either for himself only or for its corporate group. In the latter option, all references in these regulations to an applicant shall be deemed to refer to each and all members of the corporate group, and where such licence is granted, each member of the corporate group and all of them jointly and severally shall be deemed to be a licensee.