Custom print

LR-3.2.3

Past version: Effective from 01 Apr 2008 to 30 Sep 2010
To view other versions open the versions tab on the right

In addition to any other information requested by the CBB, and unless otherwise directed by the CBB, a conventional bank licensee requesting CBB approval to undertake a new regulated banking service must provide the following information:

(a) a summary of the rationale for undertaking the proposed new activities;
(b) a description of how the new business will be managed and controlled;
(c) an analysis of the financial impact of the new activities; and
(d) a summary of the due diligence undertaken by the Board and management of the conventional bank licensee on the proposed new activities.
October 2007