‹ LR-3.1.7 LR-3.1.9 › LR-3.1.8 In the case of a new bank's capital being financed by a private placement, the Private Placement Memorandum must also be submitted to CBB for its approval as part of the Phase 2 documentation. October 2007 ‹ LR-3.1.7 LR-3.1.9 ›