All sections · Part XIII: Protected Cell Companies · Sub-Part II: Formation

222 Determination of applications to and other decisions of Authority

(1) In deciding whether to —


(a) grant any application for consent made under section 221;


(b) impose any term or condition upon that consent;

(c) vary or revoke any term or condition of that consent; or

(d) impose any new term or condition on that consent,

the Authority shall have regard to the protection of the public interest,
including the need to protect and enhance the reputation of Seychelles as
a financial centre.

(2) If the Authority —

(a) refuses an application for consent made under section 221;

(b) imposes terms or conditions upon that consent;

(c) varies or revokes any term or condition of that consent; or

(d) imposes any new term or condition on that consent,

it shall give the applicant a written notice of its decision and of that
person‘s right under section 223 to appeal against a decision of the
Authority.
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