AU-4.2.2
Unless otherwise directed by the CBB, the following documents must be provided to the CBB in support of an application to open a branch:
(a) A business plan explaining:
(i) The reasons for applying for a branch, including the applicant's strategy and market objectives; and
(ii) A minimum of three-year financial projection, with all assumptions clearly outlined, demonstrating that the branch will be able to meet all liabilities and obligations;
(b) The location of the proposed branch, including the full address; and
(c) Confirmation from the external auditor that the licensee's capital adequacy is sufficient to support the operation of the branch, in addition to other existing branches (if applicable), at the time of filing the request.
January 2013