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  • TC-2.3 TC-2.3 Transitional Period

    • TC-2.3.1

      The requirements of Module TC for capital market licensees are effective from the date of issuance of this Module.

      Added: January 2022

    • TC-2.3.2

      New applications for approved persons are subject to the requirements of this Module (See Paragraph TC-B.1.3).

      Added: January 2022

    • TC-2.3.3

      Approved persons occupying controlled functions at the time this Module is issued will be grandfathered and not subject to the requirements of this Module, with the exception of CPD requirements in Paragraph TC-1.2.1. However, should the approved person move to another controlled function, Paragraph TC-2.3.4 will apply.

      Added: January 2022

    • TC-2.3.4

      In instances, where an approved person in one capital market licensee moves to another capital market licensee and occupies the same position, the CBB will exercise its discretion on whether to grandfather such approved person from the required qualifications and competencies outlined in Appendix TC-1 into the new capital market licensee. The grandfathering criteria used by the CBB will include a comparison of the scope and size of both positions. This will also apply in instances where an approved person in one capital market licensee moves from one department to another within the same capital market licensee.

      Added: January 2022