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