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LR-3.1.5

Unless otherwise directed by the CBB, the following documents must be provided together with the covering letter referred in LR-3.1.1 above in support of a license application:

(a) A duly completed Form 2 (Application for Authorisation of Controller) for each controller of the proposed licensee;
(b) A duly completed Form 3 (Application for Approved Person status), for each proposed Director of the proposed licensee;
(c) A comprehensive business plan for the application, addressing the matters described in LR-3.1.6;
(d) For branches of foreign banks, a copy of the bank's current commercial registration or equivalent documentation;
(e) Where the applicant is a registered institution, a copy of the applicant's commercial registration;
(f) Any relevant Private Placement Memoranda or public offering documents (if funds are to be raised by external shareholders);
(g) Where the applicant is a corporate body, a certified copy of a Board resolution of the applicant along with minutes of the concerned meeting, confirming the board's decision to seek a CBB conventional bank license;
(h) In the case of applicants that are part of a regulated group, a letter of non-objection to the proposed license application from the applicant's home supervisorG , together with confirmation that the group is in good regulatory standing and is in compliance with applicable supervisory requirements, including those relating to capital adequacy and solvency requirements;
(i) In the case of branches of foreign banks applicants, a letter of non-objection to the proposed license application from the applicant's home supervisor, together with confirmation that the applicant is in good regulatory standing and is in compliance with applicable supervisory requirements, including those relating to capital adequacy requirements;
(j) In the case of branch applicants, copies of the audited financial statements of the applicant (head office) for the three years immediately prior to the date of application; and
(k) In the case of applicants for a licence for a locally incorporated bank, copies of the audited financial statements of the applicant's major shareholder and/or group (as directed by the CBB), for the three years immediately prior to the date of application;
(l) A duly completed Form 3 (Application for Approved Person status), for each individual, (other than for Directors covered in item (b) above) applying to undertake controlled functions in the applicant; and
(m) A draft copy of the applicant's (and parent's where applicable) memorandum and articles of association, addressing the matters described in LR-3.1.7.
Amended: July 2017
Amended: April 2011
Amended: January 2011
Amended: October 2010
October 2007
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