BR-2.2.9
Past version: Effective from 01 Oct 2009 to 31 Dec 2010
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Except in instances where the CBB has initiated the following actions, an
(a) The calling of a meeting to consider a resolution for winding up the investment firm licensee , a controller or close link , including a parent undertaking of the investment firm licensee ;
(b) An application to dissolve a controller or close link , including a parent undertaking of the investment firm licensee or to strike the investment firm licensee off the Register of Investment Business Companies;
(c) The presentation of a petition for the winding up of a controller or close link , including a parent undertaking of the investment firm licensee ;
(d) The making of any proposals, or the making of, a composition or arrangement with any one or more of the investment firm licensee's creditors, for material amounts of debt;
(e) An application for the appointment of an administrator or trustee in bankruptcy to a controller or close link , including a parent undertaking of the investment firm licensee ;
(f) The appointment of a receiver to a controller or close link , including a parent undertaking of the investment firm licensee (whether an administrative receiver or a receiver appointed over particular property); or
(g) An application for an interim order against the investment firm licensee , a controller or close link , including a parent undertaking of the investment firm licensee under the Bankruptcy and Composition Law of 1987 or similar legislation in another jurisdiction.
Amended: October 2009
Adopted: July 2007
Adopted: July 2007