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  • Recruitment and Appointment

    • TC-2.1.1

      If a licensee recruits or promotes an individual to undertake a controlled function, it must first file Form 3 (Approved Persons) with the CBB and obtain the express written approval of the CBB for that person to occupy the desired position. In its application, the licensee must demonstrate to the CBB that full consideration has been given to the qualifications and core competencies for controlled functions in Appendix TC-1. (See Article 65(b) of the CBB Law and Paragraph AU-2.3.1).

      January 2014

    • TC-2.1.2

      Licensees should refer to Module AU (Authorisation) providing detailed requirements on the appointment of individuals occupying controlled functions (approved persons).

      January 2014

    • TC-2.1.3

      A licensee proposing to recruit an individual has to satisfy itself, of his/her relevant qualifications and experience. The licensee should:

      (a) Take into account the knowledge and skills required for the role, in addition to the nature and the level of complexity of the controlled function; and
      (b) Take reasonable steps to obtain sufficient information about the individual's background, experience, training and qualifications.
      January 2014

    • TC-2.1.4

      The licensee must retain the recruitment records of controlled functions for a minimum period of five years following termination of their services or employment with the licensee. Such records must include, but are not limited to, the following:

      (a) Results of the initial screening;
      (b) Results of any employment tests;
      (c) Results and details of any interviews conducted;
      (d) Background and references checks; and
      (e) Details of any professional qualifications.
      January 2014