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In all cases, CBB approval to transfer business will only be given where:

(a) The transfer of business will not damage or otherwise prejudice the legitimate interests of the licensee'sG customers;
(b) The transferee is duly licensed to undertake the business which it is to receive; and
(c) The CBB is satisfied that the transfer will not breach any applicable laws or regulations, and would not create any supervisory concerns.
Amended: July 2007
(2 Versions)
Up to Jun 30 2007Jul 1 2007 onwards
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