EN-6.2.3

Past version: Effective from 01 Oct 2010 to 31 Mar 2019
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The criteria used by the CBB in deciding whether to seek an administration of a licensee include the following:

(a) The extent to which the interests of the market, its users and those who have a claim on the licensee would be best served by the administration of the licensee, for instance because of the potential impact on asset values arising from an administration;
(b) The extent to which other regulatory actions could reasonably be expected to achieve the CBB's desired supervisory objectives (such as restrictions on the licensee's operations, including limitations on new business and asset disposals);
(c) The extent to which the liquidity or solvency of the licensee is in jeopardy; and
(d) The extent to which the licensee has contravened the conditions of the CBB Law, including the extent to which the contraventions reflect more widespread or systemic weaknesses in controls and/or management.
October 2010