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  • LR-2.4 LR-2.4 Condition 4: Board and Employees

    • LR-2.4.1

      Those nominated to carry out controlled functions must satisfy the BMA's approved persons requirements.

    • LR-2.4.2

      The definition of controlled functions is contained in HC-2.1, whilst HC-2.2 sets out the BMA's approved persons requirements.

    • LR-2.4.3

      The conventional bank licensee's staff, taken together, must collectively provide a sufficient range of skills and experience to manage the affairs of the licensee in a sound and prudent manner. Conventional bank licensees must ensure their employees meet any training and competency requirements specified by the BMA.