Would this governing body have to have the rules etc set out before applying for recognition, if so what organisations are going to agree to sign up to the body as each promotion in this country all seem to have their own rules set which they have adapted from the UFC rules.

Seems that before any of this can go in front of a council for acceptance there would have to be adherance to the rules set out by the proposed governing body and herein lies another problem... some promotions out there have in the past burned their bridges with each other at some point

Not only would you have to convince the sports council that it is a good idea, but you would have to get promotions to agree to work together.

Good work finding out the requirements though and thanks for posting them up, shows clearly what the sport faces if it does decide to go for a governing body.