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  • Legal, Professional, Administrative or other Proceedings Against an Investment Firm Licensee

    • BR-2.2.4

      An investment firm licensee must notify the CBB immediately of any legal, professional or administrative or other proceedings instituted against the investment firm licensee, controller or a close link including a parent undertaking of the investment firm licensee that is known to the investment firm licensee and is significant in relation to the investment firm licensee's financial resources or its reputation.

      Amended: October 2009
      Adopted: July 2007

    • BR-2.2.5

      An investment firm licensee must notify the CBB of the bringing of a prosecution for, or conviction of, any offence under any relevant law against the investment firm licensee that would prevent the investment firm licensee from meeting the Principles or Business (Module PB) or any of its Directors, officers or approved persons from meeting the fit and proper requirements of Module AU.

      Amended: October 2013
      Adopted: October 2009