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Where a licenseeG is unable to satisfy the CBB that its subsidiariesG and other group members are subject to the same or equivalent arrangements, the CBB will assess the potential impact of risks — both financial and reputational — to the licenseeG arising from inadequate high-level controls in the rest of the group of which it is a member. In such instances, the CBB may impose restrictions on dealings between the licenseeG and other group members. Where weaknesses in controls are assessed by the CBB to pose a major threat to the stability of the licenseeG , then its authorisation may be called into question.

January 2013
(1 Version)
Jan 1 2013 onwards
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