GR-4.1.4
Past version: Effective from 01 Jul 2007 to 30 Sep 2007
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In all cases, CBB approval to transfer business will only be given where:
(a) The transfer of business will not damage or otherwise prejudice the legitimate interests of the licensee’s customers ;
(b) The transferee is duly licensed to undertake the business which it is to receive;
(c) The CBB is satisfied that the transfer will not breach any applicable Laws and regulations, and would not create any supervisory concerns.
Added: January 2007