CSD-5.3.4
The CBB may have regard to the following matters in determining whether to approve or refuse to approve the appointment of a
(a) Whether the person is fit and proper to be so appointed;
(b) Whether the appointment of the person would be consistent with any applicable written law relating to the qualifications for the position or the requirements for the composition of the board of directors, or any committee of the licensed clearing house or central depository ; and
(c) Whether it would be contrary to the interests of the public to approve the appointment of the person .