LR-A.2.4

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Past version: Effective from 01 Jan 2011 to 31 Mar 2011
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A list of recent changes made to this Module is provided below:

Module Reference	Change Date	Description of Changes
Whole Module	07/2006	Whole Module reissued to reflect integrated license framework: new license categories and updated licensing conditions introduced.
LR-A.1.2	10/2007	New Rule LR-A.1.2 introduced, categorising this Module as a Directive.
LR-2.8	10/2007	Changes to provision of information requirements as result of CBB Law
LR-3	10/2007	Revised requirements due to new CBB Law
LR-4	10/2007	New Chapter LR-4 on application and license fees (incorporating material on fees, previously contained in Module GR).
LR-2.5.10	04/2008	New 7% reserve reqt.
LR-1.2.16	04/2008	Lower threshold of $100,000 for investment business transactions for wholesale banks
LR-2.5.10	07/2009	Minimum daily cash reserve balance with the CBB brought back to 5% from 7%.
LR	10/2010	Various minor amendments to ensure consistency in formatting of CBB Rulebook.
LR-A.1.2	10/2010	Revised legal basis.
LR-1A	10/2010	New Chapter on Approved Persons moved from Section HC-1.2 and from Paragraphs in Section HC-1.5.
LR-3.1.12A	10/2010	Added new paragraph, requiring capital to be injected prior to license being issued.
LR-3.1.15	10/2010	Additional details pertaining to information required, within 6 months of a license being issued.
LR-3.1.15A	10/2010	Transition rule added to comply with new requirement under Subparagraph HC-3.1.15(j).
LR-4.2.13	10/2010	Amendment to guidance.
LR	01/2011	Various minor amendments to ensure consistency in formatting of CBB Rulebook.
LR-A.1.2	01/2011	Clarified legal basis.
LR-3.1.5 and 3.1.5A	01/2011	Clarified the use of letters of guarantee as part of the licensing process.
LR-4.2.9A	01/2011	Added the requirement for annual fees for SPV's to be in line with the requirements of Resolution No (1) of 2007.