"The FSC does not have an application before it for either the licensing of Cash Plus as a securities dealer or the registration of its securities," said deputy executive director George Roper.

"The FSC does not license or register persons unless they have met all applicable requirements including the submission of the appropriate application to the FSC."

"Nobody could ever say that our companies have never been open to scrutiny," said [Hill]. "We, however, will be taking the next step to be regularised; to meet the fit and proper requirements of the FSC."

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