G. Continuing Requirements
Effective from Feb 07 2023 - Feb 06 2023
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| 1. | When VASPs assess whether an individual remains a Fit and Proper Person, they shall assess the role such individual is actually performing at the time the assessment is done. | |||
| 2. | If VARA is of the view that an individual is no longer a Fit and Proper Person, it may— |
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| a. | revoke or suspend the approval granted to such individual or the Licence of the relevant VASP; | |||
| b. | publicly or privately reprimand such individual; | |||
| c. | prohibit such individual from applying again; and | |||
| d. | impose a fine or other non-financial penalties in the event of a material breach of this Part III of this Company Rulebook. |
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