EN-1.2 EN-1.2 Procedure
EN-1.2.1
To clearly identify formal information requests, these will always be made in writing, under signature of a Director or more senior official of the CBB. They will include the statement, "This is a formal request for information as defined in Chapter 1 of Module EN of Volume 4 of the CBB Rulebook"; and will state the deadline by which the information is to be communicated to the CBB.
Amended: January 2007EN-1.2.2
Failure to respond to such formal requests within the deadline set will be viewed as a significant breach of regulatory requirements and may result in a formal warning or other enforcement measure, specified under Articles 163 and 170 of the CBB Law, as decided by the CBB depending on the circumstances of the case.
Amended: January 2007EN-1.2.3
The deadline set in the request will vary depending on individual circumstances. A recipient may submit a case for an extension to the deadline; it should do so as soon as possible if it believes that an extension will be required, and in any event prior to the passing of the original deadline. The Central Bank will respond before the original deadline has passed; if it fails to do so, then the requested extension will apply. Whilst waiting for a reply, the recipient must assume that the original deadline will apply.
Amended: October 2009
Amended: January 2007EN-1.2.4
The above procedures do not prevent individual Central Bank supervisors making oral requests for information as part of their day-to-day interaction with
licensees . The Central Bank expectslicensees to maintain their cooperative response to such requests; however, in the interests of clarity, the Central Bank will not view failures to respond to oral requests as a breach of regulatory requirements.Amended: October 2009
Amended: January 2007
