ES-1.14.3
Past version: Effective from 01 Jul 2007 to 30 Sep 2009
To view other versions open the versions tab on the right
The CBB follows a proportionality principle in its enforcement measures, and will usually opt for the least severe of appropriate enforcement measures, consistent with the desired outcome. The CBB's enforcement approach includes:
(a) Formal requests for information;
(b) Investigations;
(c) Formal warnings;
(d) Directions;
(e) Financial penalties;
(f) Administration;
(g) Cancellation of license;
(h) Cancellation of "fit and proper" approval; and
(i) Cancellation of registration (for actuaries and loss adjusters only).
Amended: January 2007