MIR-7.1.5
The following shall apply in order to approve a business transfer application:
(a) The business, subject of transfer, shall not be prohibited by the CBB;
(b) The Transfer of Business shall not cause damage to the interests of the member's users and clients ;
(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; and
(e) The CBB must be satisfied that the Transfer of Business is appropriate under relevant regulations issued in this respect.
Adopted January 2010