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  • PB-B.1 PB-B.1 Scope of Application

    • PB-B.1.1

      The 10 Principles of Business apply to all CBB investment firm licensees, in accordance with Paragraph PB-B.1.2. Principles 1–8 (Paragraphs PB-1.1 to PB-1.8 inclusive) also apply to all approved persons, in accordance with Paragraph PB-B.1.3.

      Amended: January 2007

    • PB-B.1.2

      Principles 1 to 10 apply to activities carried out by the licensee, including activities carried out through overseas branches (if any). Principles 9 and 10 also take into account any activities of other members of the group of which the licensee is a member.

    • PB-B.1.3

      Principles 1 to 8 apply to approved persons in respect of the controlled function for which they have been approved.

    • PB-B.1.4

      Principles 1 to 8 do not apply to behaviour by an approved person with respect to any other functions or activities they may undertake. However, behaviour unconnected to their controlled function duties may nonetheless be relevant to an assessment of that person's fitness and propriety.

    • PB-B.1.5

      The CBB's requirements regarding approved persons and controlled functions are located in Module AU (Authorisation).

      Amended: January 2007