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  • GR-5.1 GR-5.1 Key Provisions

    • GR-5.1.1

      Condition 3 of the CBB's licensing conditions specifies, amongst other things, that licensees must satisfy the CBB that their close links do not prevent the effective supervision of the licensee and otherwise pose no undue risks to the licensee. (See Paragraph AU-2.3.1).

      January 2014

    • GR-5.1.2

      Applicants for a license must provide details of their close links, as provided for under Form 1 (Application for a License). (See Paragraphs AU-4.1.1 and AU-4.1.4 (f)).

      January 2014

    • GR-5.1.3

      Licensees must submit to the CBB, within 3 months of their financial year-end, a report on their close links (See Subparagraph BR-1.1.3(g)). The report must identify all undertakings closely linked to the licensee, as defined in Section GR-5.2.

      January 2014

    • GR-5.1.4

      Licensees may satisfy the requirement in Paragraph GR-5.1.3 by submitting a corporate structure chart, identifying all undertakings closely linked to the licensee.

      January 2014

    • GR-5.1.5

      Licensees must provide information on undertakings with which they are closely linked, as requested by the CBB.

      January 2014