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GR-4.1.1

Licensees must obtain prior approval from the CBB for any of the following changes to their controllers (as defined in Section GR-4.2 and subject to the limits as outlined in GR-4.3):

(a) A new controller;
(b) An existing controller increasing its holding from below 20% to 20%;
(c) An existing controller increasing its holding from above 20% to 30%;
(d) An existing controller increasing its holding above 30% to 40%; or
(e) An existing controller increasing its holding above 40%.
January 2013