1. Issue of certificates

A certificate may be issued under section 124 of the Regulations only —

(a) on application by the person to whom the certificate is to be issued; and
(b) if the Registrar is satisfied that —
(i) the applicant is a fit and proper person to hold a certificate;
(ii) the applicant possesses sufficient knowledge of the law and procedure relating to powers of enforcement by taking control of goods and of commercial rent arrears recovery to be competent to exercise those powers;
(iii) the forms which the applicant intends to use when exercising powers of taking control of goods or commercial rent arrears recovery conform to the design and layout prescribed in the Schedule to these Rules;
(iv) the applicant has lodged the security required by rule 4(1), or such security is already subsisting; and
(v) the applicant does not carry on, and is not and will not be employed in, a business which includes the buying of debts.