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TA-2.5.6

Insurance licensees must obtain prior approval from the CBB for any of the following changes to its controllers (as defined in Section GR-5.2):

(a) A new controller;
(b) An existing controller increasing its holding from below 20% to above 20%;
(c) An existing controller increasing its holding from below 50% to above 50%; and
(d) An existing controller reducing its holding from above 50% to below 50%.
Rulebook Reference GR-5.1
Amended: January 2007