General Requirement
HC-2.1.1
All persons wishing to undertake a
controlled function in aconventional bank licensee must be approved by the CBB prior to their appointment (subject to the variations contained in Rule HC-2.1.3).October 07HC-2.1.2
Controlled functions are those of:(a)Director ;(b)Chief Executive orGeneral Manager ;(c)Senior Manager ;(d) Compliance officer;(e) Money Laundering Reporting Officer;(f) Deputy Money Laundering Reporting Officer; and(g)Financial Instruments Trader .Amended: October 2009
October 2007HC-2.1.3
Prior approval is required for
controlled functions (a), (b), (c), (d), (e) and (f). Controlled functions (d) and (e) may be combined, however (see also FC-4.1, regarding the MLRO function).Controlled function (g) does not require prior approval: instead, notification only is required, once the person concerned has accepted to undertake that function.Amended: October 2009
October 2007