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  • EN-8.1 EN-8.1 Legal Source

    • EN-8.1.1

      Article 65 of the CBB Law allows the CBB to determine the level of qualifications, experience and training of licensee's officers or employees. Article 65(c) of the CBB Law empowers the CBB the right to remove any official, being a Board member or in an executive position, that is unqualified or unsuitable for the assigned position.

      Adopted: January 2007

    • EN-8.1.2

      In addition, Chapter AU-3 of Module AU (Authorisation), specifies that approved persons must be assessed by the CBB as 'fit and proper' to hold such a position. The Chapter specifies various factors that the CBB takes into account when reaching such a decision.

      Amended: January 2007