CRA-1.2.4
Unless otherwise directed by the CBB, the following documents must be provided in support of the application for license:
(a) A duly completed Form 2 (Application for Authorisation of Shareholders) for each Shareholder of the proposed licensee ;
(b) A duly completed Form 3 (Application for Approved Person status), for each individual proposed to undertake a controlled function (as defined in Rule CRA-1.7.2) in the proposed licensee ;
(c) A comprehensive business plan for the application, addressing the matters described in Rule CRA-1.2.6;
(d) [This Sub-Paragraph was deleted in April 2023].
(e) A copy of the applicant's commercial registration certificate;
(f) A certified copy of a Board resolution of the applicant, confirming its decision to seek a CBB crypto-asset service license;
(g) In the case of applicants that are part of a group, a letter of non-objection to the proposed license application from the applicant's lead supervisor, together with confirmation that the group is in good regulatory standing and is in compliance with applicable supervisory requirements, including those relating to capital requirements;
(h) [This Sub-Paragraph was deleted in April 2023].
(i) [This Sub-Paragraph was deleted in April 2023].
(j) In the case of applicants that are part of a group, copies of the audited financial statements of the applicant's group, for the three years immediately prior to the date of application;
(k) In the case of applicants not falling under (j) above, copies of the audited financial statements of the applicant's substantial shareholder (where they are a legal person), for the three years immediately prior to the date of application; and
(l) A copy of the applicant's memorandum and articles of association (in draft form for applicants creating a new company).
(m) [This Sub-Paragraph was deleted in April 2023].
Amended: April 2023
Added: April 2019
Added: April 2019