90. (1) Subject to subsections (2) and (3), the MARA may, after consultation with the Minister, by order declare that—

(a) a person (not being an individual) specified in the order is a fit and proper person to be granted and to hold—

(i) any MAC, or

(ii) a MAC which falls within a class of MAC specified in the order,

or

(b) a person who falls within a class of persons (not being individuals) specified in the order is a fit and proper person to be granted and to hold—

(i) any MAC, or

(ii) a MAC which falls within a class of MACs specified in the order.

(2) The MARA shall, in exercising its power under subsection (1)(a) in relation to a person, have regard to the following:

(a) the legal nature of the person;

(b) the statutory functions (if any) of the person;

(c) the purposes for which the person has made or may make a MAC application.

(3) The MARA shall, in exercising its power under subsection (1)(b) in relation to a class of persons, have regard to the following:

(a) the legal nature of the persons who fall within the class;

(b) the statutory functions (if any) of the persons who fall within the class;

(c) the purposes for which the persons who fall within the class have made or may make a MAC application.