In the case of overseas investment firm licensees, the licensee must notify the CBB of any new significant ownership in excess of 50% of the issued and paid up capital of the concerned licensee s direct parent undertaking as soon as the licensee becomes aware of the change (see Paragraph BR-2.2.23A). The overseas investment firm licensee must provide a copy of the relevant approval by the home supervisor of the parent. The CBB will take the appropriate action in such case.