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AU-4.2.3

In addition to any other information requested by the CBB, and unless otherwise directed by the CBB, a licensee requesting CBB approval to undertake a new regulated ancillary service must provide the following information:

(a) A summary of the rationale for undertaking the proposed new activities;
(b) A description of how the new business will be managed and controlled;
(c) An analysis of the financial impact of the new activities; and
(d) A summary of the due diligence undertaken by the Board and management of the licensee on the proposed new activities.
April 2016