• CRA-2.3 CRA-2.3 Condition 3: Substantial Shareholders

    • CRA-2.3.1

      Licensees must satisfy the CBB that their substantial shareholders are suitable and pose no undue risks to the licensee.

      Added: April 2019

    • CRA-2.3.2

      For the purposes of this Module "substantial shareholder" means a person who alone or together with his associates:

      (a) Holds not less than 5% of the shares in the licensee; or
      (b) Is in a position to control not less than 5% of the votes in the licensee.
      Added: April 2019