The following are the registration requirements:3.1        The Applicant must submit to the NPRA, evidence that:3.1.1        It is a body corporate;3.1.2        It is licensed by the Securities & Exchange Commission as a Custodian underthe Securities Industry Act 1993 (P.N.D.C. Law 333); and has paid up statedcapital as indicated in the Banking Act, 2004 (Act 673) and net assets of atleast the same amount.3.1.3        It is a Bank or a wholly owned subsidiary of a Bank.3.1.4        It has sufficient expertise and management resources in Ghana to conduct itsbusiness operations effectively.