LR-1A.2.2
Past version: Effective from 01 Oct 2010 to 31 Dec 2015
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To be considered 'fit and proper', those nominated must demonstrate:
(a) Personal integrity, honesty and good reputation;
(b) Professional competence, experience and expertise, sufficient for the controlled function for which authorisation is being applied for, and given the scale, complexity and nature of the conventional bank licensee concerned; and
(c) Financial soundness.
Added: October 2010