Back Custom print Link Text Only Rich Text Print

  • Executive Summary

    • TC-A.1.1

      Module TC provides Rules and Guidance to capital market licensees to ensure satisfactory levels of competence, in terms of an individual’s knowledge, skills, experience and professional qualifications. Capital market licensees are required to demonstrate that approved persons including individuals undertaking controlled functions are sufficiently competent, and are able to undertake their respective roles and responsibilities. Capital market licensees must maintain the competence to provide regulated services. Individuals occupying controlled functions as outlined in respective Modules of Volume 6, must, therefore, meet minimum levels of training and experience related to their functions.

      Added: January 2022

    • TC-A.1.2

      Capital market licensees and approved persons should observe high standards of integrity and fair dealing, and be honest and straightforward in their dealings with clients. Capital market licensees should maintain adequate human, financial and other resources sufficient to run their business in an orderly manner.

      Added: January 2022

    • TC-A.1.3

      The CBB’s Licensing Conditions require a capital market licensee’s staff, taken together, must collectively provide a sufficient range of skills and experience to manage the affairs of the capital market licensee in a sound and prudent manner. This condition requires that capital market licensees must ensure their employees meet any training and competency requirements specified by the CBB. The approved persons requirements, specified in Module MAE, Module CSD, Module MIR and Module CRA, sets forth the ‘fit and proper’ requirements in relation to competence, experience and expertise required by approved persons; this Chapter specifies various factors that the CBB takes into account when reaching such decision regarding approval of such persons to act as approved persons by CBB.

      Added: January 2022