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  • PB-B.1 PB-B.1 Scope of Application

    • PB-B.1.1

      The 10 Principles of Business apply to all CBB specialised licensees, in accordance with Paragraph PB-B.1.2. Principles 1-8 also apply to all approved persons, in accordance with Paragraph PB-B.1.5.

      October 2010

    • PB-B.1.2

      These principles are addressed to all specialised licensees (where applicable).

      October 2010

    • PB-B.1.3

      Principles 1 to 10 apply to activities carried out by the specialised licensee, including activities carried out through overseas branches (if any).

      October 2010

    • PB-B.1.4

      The CBB expects specialised licensees to take into account any activities of other members of the group of which the specialised licensee is a member for Principles 9 and 10.

      October 2010

    • PB-B.1.5

      Principles 1 to 8 apply to approved persons in respect of the controlled function for which they have been approved.

      October 2010

    • PB-B.1.6

      Principles 1 to 8 do not apply to behaviour by an approved person with respect to any other functions or activities they may undertake. However, behaviour unconnected to their controlled function duties may nonetheless be relevant to an assessment of that person's fitness and propriety.

      October 2010

    • PB-B.1.7

      The CBB's requirements regarding approved persons and controlled functions are located in Module AU (Authorisation).

      October 2010