BR-2.3.11
Licensees should obtain the CBB's prior written approval before writing off any of the following exposures:
(a) To any present or former director of the licensee ;
(b) Which are guaranteed by a director of the licensee ;
(c) To any business entity for which the licensee or any of its directors is an agent;
(d) To any officer or employee of the licensee , or any other person who receives remuneration from the licensee ;
(e) To any business entity in which the licensee (or any of its directors, officers or other persons receiving remuneration from the licensee ) has a material interest as a shareholder (i.e. 5% or more), or as a director, manager, agent or guarantor; and
(f) To any person who is a director, manager or officer of another licensee of the CBB.
January 2013