CmaBylaw
Executive Bylaws
1-19 Effective Control Of Module Five: Securities Activities and Registered Persons
Section: Chapter One: Securities Activities
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Sunday, 05 February 2017
Anyone who desires to enter into arrangements or agreements that lead to Effective Control of a Licensed Person shall obtain the approval of the Authority before completion of such control. The Authority shall agree to these arrangements or agreements after fulfilling any information or documents required by the Authority in order to ensure that any Effective Control on the Licensed Person shall not affect controlling and supervising them or their compliance to the Law and Bylaws. Obtaining the prior approval of the Central Bank for the units subject to its supervision shall be taken into account.
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