In-principle approval

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..... al 7 . (1) Any person who seeks to establish an information utility may make an application for an in-principle approval, demonstrating that the conditions in sub-regulation (2) are satisfied, al .....

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..... be valid for a period not exceeding one year and be subject to such conditions as it deems fit. (3) During the validity of in-principle approval, the company referred to in sub-regulation 2(b) may .....

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