CRD Welcome Package

business;

(d) an employment record which leads the board to believe that the person carried out an act of impropriety in the handling of his employer’s business; or (e) engaged in or been associated with any other business practices or otherwise conducted himself in a manner as to cast doubt on his competence and soundness of judgment. Criteria for determining whether a person is fit and proper to be a 98. significant shareholder In determining whether a company or person is a fit and proper person to be a significant shareholder, regard shall be had to, but not limited by, the following criteria: (a) whether the directors of the company or person have satisfied the fit and proper criteria set out in this Part; (b) whether the company or person has been found guilty of insider trading or fraud involving trading in securities by local or foreign authorities; (c) whether the company or person has been convicted of an offence under this Act; (d) whether in the opinion of the Central Bank the company or person has failed to carry on its business or business affairs in a prudent manner; (e) whether in the opinion of the Central Bank the company is insolvent or is likely to become insolvent; (f) whether the company or person has suspended or is about to suspend payment in respect of, or is unable to meet their obligations, as they fall due; (g) whether in the opinion of the Central Bank the affairs of the company or person are being conducted in a manner prejudicial to the soundness of the licensed financial institution in question or the financial system of the Currency Union;

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