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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 2 December 2019 - onwards
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108F. Person registered to ensure that principal officers and beneficial owners are fit and proper persons

A person registered shall take reasonable steps to ensure that the following persons are fit and proper persons:

(a) in a case where the person registered is a body corporate, a partnership or an individual carrying on business as a cheque cashing office as a partner in a partnership, any principal officer of the body corporate or partnership (as the case may be);

(b) any person who is a beneficial owner of the business concerned.