Section 9: Duties of a registration authority

(1) The Registration Authority shall be charged with the responsibility of the registration of—
(a) an Equipment Lease Agreement;
(b) a company carrying on business as an Equipment Lessor; and
(c) any other responsibility as may be directed by the Minister.
(2) The functions of the Registration Authority shall be to—
(a) determine in accordance with the provisions of this Act persons who are eligible to carry on the business of equipment leasing;
(b) determine the requirements to be met by persons seeking to be registered to carry on the business of equipment leasing, and review such requirement from time to time;
(c) register persons carrying on or intending to carry on business as equipment lessor;
(d) secure the establishment and maintenance of a register of persons entitled to carry on the business of equipment leasing and the production from time to time of a list of these people;
(e) register equipment lease agreements;
(f) conduct an investigation into the affairs of persons registered under this Act when necessary or expedient to give full effect to the provisions of this Act;