CRD Welcome Package

Offices and branches deemed one licensed financial institution 18. Authorisation of location and approval of new business premises 19.

PART III OWNERSHIP STRUCTURES Ownership or control of licensed financial institutions 20. Written application for approval 21. Criteria for approval for ownership or control 22. Granting of approval 23.

Person with control to be fit and proper 24. Grounds for disapproval of a transfer 25. Prohibition against selling significant shareholding 26. Group holdings to be deemed holdings of single member 27. Quarterly reports on ownership and control 28. Report by foreign licensed financial institution on change of control 29. Sanctions 30. Prohibitions against transfer and acquisition of interest 31. Non applicability of this Part to government or other persons 32. Variation of supervisory thresholds 33. Approval of application for licence by financial holding company 34. Requirement for licensing of financial holding companies 35. Application for licence by financial holding companies 36. Considerations to grant licence to financial holding company 37. Grant or denial of licence to financial holding company 38. Conditions for licence to financial holding company 39. Restriction on activities of financial holding companies 40. Limitation of risk to licensed financial institution 41. Revocation of licence of financial holding companies 42. Actions of fundamental change requiring approval 43. PART IV FINANCIAL HOLDING COMPANIES