Following the approval of a person, if the CBB becomes aware of information which indicates that the person did not meet the fit and proper criteria, the CBB reserves the right to consider the approval as ‘revoked’. In such circumstances, the CBB will inform the licensee and agree with it a plan for the licensee to take the necessary corrective actions. Licensees or the nominated persons may, within 30 calendar days of the notification, appeal against the CBB’s decision to refuse the application for approval. The CBB shall decide on the appeal and notify the licensees of its decision within 30 calendar days from the date of submitting the appeal.