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  • Granting or Refusal of Authorisation

    • CIU-1.1.9

      To be granted authorisation, an applicant must demonstrate compliance with the applicable requirements of this Module. Should an authorisation application be granted, the CBB will notify the applicant in writing of the fact. The authorisation may be subject to additional conditions being met.

    • CIU-1.1.10

      The CBB may refuse to grant authorisation if in its opinion:

      (a) The requirements of this Module are not met;
      (b) False or misleading information has been provided to the CBB, or information which should have been provided to the CBB has not been so provided; or
      (c) The CBB believes it necessary in order to safeguard the interests of potential investors.

    • CIU-1.1.11

      Where the CBB proposes to refuse an application for authorisation, it must give the applicant written notice to that effect. Applicants have 30 calendar days from the date of the written notice to appeal the decision, as per the appeal procedures specified in the notice.