The following shall apply in order to approve a business transfer:

(a) The business, subject of transfer, shall not be prohibited by the CBB;
(b) The Transfer of Business shall not cause damages to the interests of the licensed exchange or licensed market operator's users;
(c) The transferee must be licensed to carry out the business in the place to which it is to be transferred;
(d) The transferee company should fulfil all the eligibility criteria laid down in this module to operate as a licensed exchange; and
(e) The CBB must be satisfied that the Transfer of Business is appropriate under relevant regulations issued in this respect.