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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 19 April 2023 - onwards
  Version 5 of 5    

23. Appointment of persons to perform pre-approval controlled functions.

(1) Subject to section 23A, a regulated financial service provider or holding company shall not appoint a person to perform a pre-approval controlled function in relation to it unless the Bank has approved in writing the appointment of the person to perform the function.

(2) For the purposes of considering whether or not to approve the appointment of a person under subsection (1), the Bank may request the person, or a specified officer or employee of the regulated financial service provider or holding company that proposes to appoint the person to perform a pre-approval controlled function, by notice in writing to do any one or more of the following:

(a) produce a specified document or documents to the Bank;

(b) provide specified information to the Bank;

(c) produce to the Bank documents of a kind described in the notice;

(d) answer a question or questions set out in the notice;

(e) attend before a specified officer or employee of the Bank for interview.

(3) A notice under subsection (

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