• Ability to Provide the Service

    • OFS-3.2.4

      In addition to incorporation and licensing, the CBB will review the ability of the advisor to provide the service. The CBB will consider the following in such determination:

      (a) Historical records and prior performance;
      (b) Maintenance of systems and controls set-up by the advisor; and
      (c) Number of suitably experienced and qualified employees.

      Moreover, advisors' fees and charges should be fixed reasonably in order to ensure that the costs associated with raising capital or initial public offerings are competitive.

      Amended: October 2017
      January 2014