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EN-5.2.5

In accordance with Article 125 of the CBB Law, a written notice of a financial penalty must be issued before imposing any financial penalty. The written notice must contain the following information:

(a) The violations committed by the licenseeG with respect to the CBB Law; the CBB Rulebook; any Directions, Warnings or Formal Requests for Information; or violations of the terms and conditions of the license issued to the licenseeG ;
(b) Evidence or proof to support the above;
(c) The level of financial penalty to be imposed; and
(d) The grace period to be allowed to the licenseeG for challenging the intended penalty (which will not be less than 30 calendar days).
October 2010
 Versions
(1 Version)
 
Oct 1 2010 onwards
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