A licensee must notify the CBB if any of the following has occurred, may have occurred or may occur in the near future:

(a) The licensee failing to satisfy one or more of the Principles of Business referred to in Module PB;
(b) Any matter which could have a significant adverse impact on the licensee's reputation;
(c) Any matter which could affect the licensee's ability to continue to provide adequate services to its customers and which could result in serious detriment to a customer of the licensee;
(d) Any matter in respect of the licensee that could result in material financial consequences to the financial system or to other licensees;
(e) A significant breach of any provision of the Rulebook (including a Principle);
(f) A breach of any requirement imposed by the relevant law or by regulations or an order made under any relevant law by the CBB; or
(g) If a licensee becomes aware, or has information that reasonably suggests that it has or may have provided the CBB with information that was or may have been false, misleading, incomplete or inaccurate, or has or may have changed in a material way, it must notify the CBB immediately (ref. BR-3.3.2).
October 2010