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FP-3.1.1

Licensees must notify the CBB, within 5 working days, if they become aware of information that indicates that a board director or a person heading a senior management function does not or no longer meets the ‘fit and proper’ requirements of the licensee or those required by the CBB under this Module, e.g. criminal offence being committed, or when the licensee becomes aware of persistent failure to repay personal debts or the occurrence of credit default.

Added: March 2025