GR-5.3.1A

Past version: Effective from 01 Oct 2011 to 30 Sep 2015
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In line with Resolution No.(43) of 2011, the CBB may require, on a case-by-case basis, and at its sole discretion that at least one of the controllers is a regulated financial institution holding at least 20% of the investment firm licensee's shares.

Adopted: October 2011