Skip to Content
Whole SectionText only Print Print Manager Link

GR-5.2.1

A controllerG of a conventional bank licenseeG is a natural or legal person who either alone, or with his associates:

(a) Holds 10% or more of the issued and paid up share capital in the ("L"), or is able to exercise (or control the exercise of) 10% or more of the voting power in L; or
(b) Holds 10% or more of the issued and paid up share capital in a parent undertakingG ("P") of L, or is able to exercise (or control the exercise of ) 10% or more of the voting power in P; or
(c) Is able to exercise significant influence over the management of L or P.
Amended: July 2013
Adopted: October 2007
 Versions
(2 Versions)
 
Oct 1 2007 - Jun 30 2013Jul 1 2013 onwards
Back to top