Regulatory Alerts2017-08-24 | 29489Added · Updated
Fitness and Propriety of Directors and Officers
The Central Bank of Trinidad and Tobago reminds financial institutions licensed under the Financial Institutions Act, 2008 of their obligation to ensure appointed directors and officers are fit and proper persons. Licensees must notify the Central Bank within seven days of any appointment or change in directors or officers. Enhanced due diligence is required for individuals previously employed by failed or failing financial institutions, and express Central Bank approval is mandated for specific appointments or where persons are debarred.
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