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  • Overseas Branches and Subsidiaries

    • BC-B.1.4

      Investment firm licensees must ensure that their branches and subsidiaries operating in foreign jurisdictions comply, at a minimum, with local conduct of business standards and regulatory requirements (where applicable).

    • BC-B.1.5

      Where conduct of business standards applied by overseas branches and subsidiaries of an investment firm licensee fall below the standards set out in this Module, the investment firm licensee must notify the CBB of the fact.

      Amended: January 2007

    • BC-B.1.6

      CBB encourages its investment firm licensees to apply — with respect to its overseas branches and subsidiaries — conduct of business standards at least equivalent to those set out in this Module. Where this is not the case, then CBB will consider any potential risk to the investment firm licensee that may arise through adverse reputational or other consequences.

      Amended: January 2007