59. After verifying that an applicant meets the conditions set by regulation, the Authority grants registration if it considers that
(1) the applicant or, in the case of a legal person, its officers and directors, exhibit the requisite competence and integrity to ensure the protection of clients; and
(2) the applicant is solvent and, in the case of a legal person, has the financial footing needed to ensure the viability of its business.
The Authority may impose any restriction or condition on the registration of an applicant, including limiting its duration.