CRA-14.5.4
Past version: Effective from 01 Apr 2019 to 31 Mar 2023
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The CBB is conscious of the impact that assessing someone as not "fit and proper" may have on an individual. Such assessments are carefully reviewed in the light of all relevant facts. The criteria used in reaching a decision include the following:
(a) The extent to which the factors set out in section CRA-1.7 and MIR-3.1.3 of Module MIR have not been met;
(b) The extent to which the person has deliberately or recklessly breached requirements of the CBB Law and/or this Module;
(c) The person's past compliance record and conduct following any such contravention;
(d) The length of time since factors indicating a lack of fitness or propriety occurred; and
(e) The risk the person poses to licensees and their customers.
Added: April 2019