The CBB may approve an application made under Paragraph MAE-5.2.1 of this Module if the CBB is satisfied that:

(a) The applicant is a fit and proper person to be a substantial shareholder;
(b) Having regard to the applicant's likely influence, the licensed exchange will or will continue to conduct its business prudently and in compliance with the provisions of this Module; and
(c) It would not be contrary to the interests of the public to do so.
Amended: April 2016