5.—(1) A body corporate may apply to the Board for approval as a commodity market in such form and manner as may be prescribed and the body corporate shall, in connection with that application, provide such information as the Board may require.
[22/2001; 35/2007]
(2) The Board may, in writing, approve a body corporate as a commodity market if it is satisfied that —
(a)
the business rules of the body corporate make satisfactory provision for the matters referred to in section 6;
(b)
the interests of the public will be served by granting the application.
[22/2001; 35/2007]
(3) The Board shall not refuse to approve a body corporate as a commodity market under this section without giving the applicant an opportunity of being heard.