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AU-5.5.5

In accordance with Paragraph AU-5.2.8, investment firm licenseesG must promptly notify the CBB in writing as soon as they become aware, when a person undertaking a controlled functionG will no longer be carrying out that function. If a controlled functionG falls vacant, the investment firm licenseeG must appoint a permanent replacement (after obtaining CBB approval), within 120 calendar days of the vacancy occurring. Pending the appointment of a permanent replacement, the investment firm licenseeG must make immediate interim arrangements to ensure continuity of the duties and responsibilities of the controlled functionG affected, provided that such arrangements do not pose a conflict of duties. These interim arrangements must be approved by the CBB.

Amended: July 2015
Amended: January 2012
Amended: July 2010
Amended: April 2008
Amended: July 2007
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