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  • Notification Requirements and Process

    • CRA-1.7.9

      Licensees must promptly notify the CBB in writing when a person undertaking a controlled function will no longer be carrying out that function together with an explanation as to the reasons for not undertaking the controlled function. In such cases, their approved person status is automatically withdrawn by the CBB. If a controlled function falls vacant, the licensee must appoint a permanent replacement (after obtaining CBB approval), within 120 calendar days of the vacancy occurring. Pending the appointment of a permanent replacement, the licensee must make immediate interim arrangements to ensure continuity of the duties and responsibilities of the controlled function affected, provided that such arrangements do not pose a conflict of duties. These interim arrangements must be approved by the CBB.

      Amended: April 2023
      Added: April 2019

    • CRA-1.7.10

      The notification should identify if the planned move was prompted by any concerns over the person concerned, or is due to a routine staff change, retirement or similar reason.

      Added: April 2019

    • CRA-1.7.10A

      Licensees must immediately notify the CBB in case of any material change to the information provided in a Form 3 submitted for an approved person.

      Added: April 2023