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C4-A.1.5

Persons undertaking certain functions in relation to category 4 investment firms require prior CBB approval. These functions (called 'controlled functions') include directors and members of senior management. The controlled functions requirements supplement the licensing requirements by ensuring that key persons involved in the running of category 4 investment firms are fit and proper. Those authorised by the CBB to undertake controlled functions are called approved persons.

Added: January 2022