Regulation 47. Stages of certificate of recognition for repositories.
(1) A certificate of recognition for a repository shall be issued in two stages, namely -
(a) the establishment stage; and
(b) the operation stage.
(2) No person shall carry on or operate, or hold himself out as carrying on or operating, as a recognised repository unless that person has been issued with the operation stage of the certificate of recognition.
(3) A person who contravenes subregulation (2) commits an offence and shall on conviction be liable to a fine not exceeding one hundred thousand ringgit or to imprisonment for a term not exceeding two years or to both.
(4) The establishment stage of a certificate of recognition may be issued for any period not exceeding one year.
(5) An application for a certificate of recognition shall be deemed to be withdrawn and shall not be further proceeded with, without prejudice to a fresh application being made by the applicant, if -
(a) the applicant fails to apply for the operation stage of the certificate of recognition before the expiry of the period specified in subregulation (4); or
(b) an application for the operation stage of the certificate of recognition having duly been made within the period specified in subregulation (4), the applicant is not issued with the operation stage of the certificate of recognition.
(6) Nothing in these Regulations shall be construed so as to require an applicant to apply for the establishment stage of a certificate of recognition as a condition for applying for the operation stage of a certificate of recognition if the applicant is otherwise able to satisfy the prescribed requirements to apply for the operation stage of a certificate of recognition.
