MIR-5.2.3

Past version: Effective from 15 Dec 2009 to 31 Mar 2013
To view other versions open the versions tab on the right

The CBB may approve an application made under paragraph MIR-5.2.1 if the CBB is satisfied that:

(a) The applicant is a fit and proper person to be a substantial shareholder;
(b) Having regard to the applicant's likely influence, the licensed member will or will continue to conduct its business prudently and in compliance with the provisions of the CBB Law, rules and regulations, and this Module; and
(c) It would not be contrary to the interests of the public and market integrity to do so.
Adopted January 2010