Section 59(1)

Subject to regulation 58 and regulation 58A, the registering authority may refuse to register an applicant for registration in a register maintained under regulation 54 or 55 if— any requirement of, or imposed under, regulation 57 has not been complied with; it appears to the registering authority that any information provided pursuant to regulation 57 is false or misleading in a material particular; the applicant has failed to pay— a penalty imposed by the authority under Part 9; a charge imposed by the authority under Part 11; or a penalty or charge imposed by the authority under regulation 35(1) or 42(1) of the Money Laundering Regulations 2007; where the registering authority is not the applicant's supervisory authority, the supervisory authority opposes the application for registration on reasonable grounds; or the registering authority suspects, on reasonable grounds— that the applicant will fail to comply with any of its obligations under— (the “relevant obligations”); these Regulations; Part 3 of the Terrorism Act 2000 ; or Parts 7 and 8 of the Proceeds of Crime Act 2002 ; that any person whom the applicant has identified as one of its officers or managers will fail to comply with any of the relevant obligations.

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Source: legislation.gov.uk · retrieved 2026-09-04