GR-2.1 GR-2.1 Vetting of Names
GR-2.1.1
Licensees must obtain CBB’s prior written approval for any change in their legal name.Licensees must notify the CBB of any change in their corporate name at least one week prior to effecting the proposed change.Amended: January 2022
Added: January 2014GR-2.1.2
Licensees must ensure that the words 'microfinance institution' appears in their corporate and trade name.January 2014GR-2.1.3
In approving a change in a legal name, the CBB seeks to ensure that it is sufficiently distinct as to reduce possible confusion with other unconnected businesses, particularly those operating in the financial services sector. The CBB also seeks to ensure that names used by unregulated subsidiaries do not suggest those subsidiaries are in fact regulated.
Amended: January 2022
Added: January 2014