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  • EN-3.2 EN-3.2 Procedure for Issuing Directions

    • EN-3.2.1

      Proposals to issue Directions are carefully considered against the criteria listed in Section EN-3.1. They require the approval of an Executive Director or more senior official of the CBB, and include the statement "This is a formal Direction as defined in Chapter EN-3 of the CBB Rulebook".

      Amended: October 2010
      Added: October 2007

    • EN-3.2.2

      The subject of the Direction will normally be given 30 days from the Direction's date of issuance in which to make objections to the CBB concerning the actions required. This must be done in writing, and addressed to the issuer of the original notification. Should an objection be made, the CBB will make a final determination, within 30 days of the date of the objection, as specified in Articles 125(c) and 126 of the CBB Law.

      Amended: October 2010
      Added: October 2007

    • EN-3.2.3

      [This Paragraph was moved under Section EN-1.1 in April 2019].

      Amended: April 2019
      Amended: October 2010
      Added: October 2007