37 (1) An applicant that meets the prescribed requirements is entitled to a licence or a renewal of a licence by the registrar unless, (a)  the applicant is not a corporation and, (i)  having regard to the applicant’s financial position or the financial position of an interested person in respect of the applicant, the applicant cannot reasonably be expected to be financially responsible in engaging in the activities of a licensee, (ii)  the past or present conduct of the applicant or of an interested person in respect of the applicant affords reasonable grounds for belief that the applicant will not perform the activities of a licensee in accordance with law and with integrity and honesty, or (iii)  the applicant or an employee or agent of the applicant makes a false statement or provides a false statement in an application for a licence or for a renewal of a licence; (b)  the applicant is a corporation and, (i)  having regard to its financial position or the financial position of an interested person in respect of the corporation, the applicant cannot reasonably be expected to be financially responsible in engaging in the activities of a licensee, (ii)  having regard to the financial position of its officers or directors or an interested person in respect of its officers or directors, the applicant cannot reasonably be expected to be financially responsible in engaging in the activities of a licensee, (iii)  the past or present conduct of its officers or directors or of an interested person in respect of its officers or directors or of an interested person in respect of the corporation affords reasonable grounds for belief that it will not perform the activities of a licensee in accordance with the law and with integrity and honesty, or (iv)  an officer or director of the corporation makes a false statement or provides a false statement in an application for a licence or for a renewal of a licence; (c)  the applicant or an interested person in respect of the applicant is carrying on activities that are, or will be if the applicant is licensed, in contravention of this Act or the regulations, other than the code of ethics established under section 77; (d)  the applicant is in breach of a condition of the licence; or (e)  the applicant fails to comply with a request made by the registrar under subsection (3). Interested person (2) For the purposes of this section, a person shall be deemed to be an interested person in respect of another person if the person is associated with the other person or if, in the opinion of the registrar, (a)  the person has or may have a beneficial interest in the other person’s activities; (b)  the person exercises or may exercise control either directly or indirectly over the other person; or (c)  the person has provided or may have provided financing either directly or indirectly to the other person’s activities. Request for information (3) The registrar may request an applicant for a licence or a renewal of a licence to provide to the registrar, in the form and within the time period specified by the registrar, (a)  information specified by the registrar that is relevant to the decision to be made by the registrar as to whether or not to grant the licence or renewal; and (b)  verification, by affidavit or otherwise, of any information described in clause (a) that the applicant is providing or has provided to the registrar.