EN-4.3 EN-4.3 Procedure
EN-4.3.1
Proposals to issue Directions are carefully considered against the criteria listed in Paragraph EN-4.2.3. They require approval of an Executive Director or more senior official of the CBB, and include the statement "This is a formal Direction as defined in Chapter EN-4 of Volume 4 of the CBB Rulebook".
Amended: January 2007EN-4.3.2
The subject of the Direction will normally be given 30 calendar days from the Direction's date of issuance in which to make representations to the CBB concerning the actions required. This must be done in writing, and addressed to the issuer of the original Direction. Should a representation be made, the CBB will make a final determination within 30 calendar days of the date of the representation, as specified in Articles 125(c) and 126 of the CBB Law.
Amended: January 2007EN-4.3.3
[This Paragraph was moved to Section EN-B.2 in April 2019].
Amended: April 2019
Amended: January 2007
