12.—(1) Any application for an authorisation order in respect of a proposed open-ended investment company—
(a)must be made in such manner as the Authority may direct;
(b)must state with respect to each person proposed in the application as a director of the company the particulars set out in regulation 13;
(c)must state the corporate name and registered or principal office of the person proposed in the application as depositary of the company; and
(d)must contain or be accompanied by such other information as the Authority may reasonably require for the purpose of determining the application.
(2) At any time after receiving an application and before determining it the Authority may require the applicant to furnish additional information.
(3) Different directions may be given and different requirements imposed in relation to different applications.
(4) Any information to be furnished to the Authority under this regulation must be in such form or verified in such manner as it may specify.
(5) A person commits an offence if—
(a)for the purposes of or in connection with any application under this regulation; or
(b)in purported compliance with any requirement imposed on him by or under this regulation;
he furnishes information which he knows to be false or misleading in a material particular or recklessly furnishes information which is false or misleading in a material particular.
(6) A person guilty of an offence under paragraph (5) is liable—
(a)on conviction on indictment, to imprisonment for a term not exceeding two years or to a fine or to both;
(b)on summary conviction, to imprisonment for a term not exceeding three months or to a fine not exceeding the statutory maximum or to both.