(5)   The failure by a member to disclose his interest in the matter shall subject him to the relevant disciplinary measures under section 20 or 25;

PART IV

LICENSES

Chapter 1

Individual License  

27.   (1)   Subject to subsection (2), a person may apply, in writing, to the Commission for an individual license in respect of any matter requiring an individual license under this Act.

         (2)   For the purposes of subsection (1), the Minister may set out in the regulations made under section 16 the persons or classes of persons who are not eligible to apply for an individual license.

         (3)   An application under this section may be withdrawn at any time before it is granted or refused.

28.   (1)   The Commission may at any  time after the application for an individual license is made, request the applicant to give the Commission, within the period specified in the request, further information on the application.

        (2)   If any additional information or document required under subsection (1) is not provided by the applicant within the time specified in the request or any extension of time granted by the Commission, the application shall be deemed to be withdrawn and shall not be further proceeded with, but without affecting the right of the applicant to make a fresh application.

29.   The Commission shall, within sixty days of receiving an application for an individual license under this Part or such other period as may be 

Application for an individual license.

Further information.

Recommendation by the Commission.