Company Service Providers Rulebook

COMPANY SERVICE PROVIDERS RULEBOOK

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TABLE OF CONTENTS

INTERPRETATION ...........................................................................................1 CHAPTER 1 GENERAL SCOPE AND HIGH-LEVEL PRINCIPLES ..................................8

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SCOPE AND APPLICATION ........................................................................................... 8 HIGH-LEVEL PRINCIPLES............................................................................................10

CHAPTER 2 AUTHORISATION OF COMPANY SERVICE PROVIDERS.........................11

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SCOPE AND APPLICATION ............................................................................................ 11 THE AUTHORISATION REQUIREMENT FOR CSPS ..........................................................11 THE APPLICATION PROCESS .........................................................................................15 AUTHORISATION CONSIDERATIONS..............................................................................15 FITNESS AND PROPERNESS..........................................................................................16 APPOINTMENT OF KEY FUNCTION HOLDERS/OFFICERS..............................................18 THE APPROVAL AND DEPARTURE PROCESSES FOR APPROVED PERSONS....................21 APPROVAL OF QUALIFYING SHAREHOLDERS ................................................................23 CESSATION OF BUSINESS .............................................................................................. 24

CHAPTER 3 ONGOING OBLIGATIONS FOR CSPS ............................................27

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SCOPE AND APPLICATION........................................................................................ 27 GENERAL REQUIREMENTS........................................................................................27 NOTIFICATIONS AND PRIOR APPROVALS.................................................................28 FINANCIAL RESOURCES REQUIREMENT ...................................................................29 INSURANCE REQUIREMENT ......................................................................................30 GOVERNANCE ........................................................................................................... 32 RISK MANAGEMENT ................................................................................................34 COMPLIANCE ............................................................................................................ 36 OUTSOURCING.......................................................................................................... 38 PROCEDURES FOR THE REPORTING OF BREACHES..................................................40 CONDUCT OF BUSINESS OBLIGATIONS .................................................................... 41 RECORD KEEPING ....................................................................................................45 REPORTING OBLIGATIONS .......................................................................................47

CHAPTER 4 SUPPLEMENTARY RULES ..........................................................49

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SCOPE AND APPLICATION ......................................................................................... 49

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SUPPLEMENTARY RULES FOR ALL CSPS PROVIDING THE SERVICE OF FORMATION

OF COMPANIES OR OTHER LEGAL ENTITIES............................................................................................. 50

CSP RULEBOOK

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SUPPLEMENTARY RULES FOR CSPS WHICH ACT AS DIRECTOR OR SECRETARY OF A

COMPANY, A PARTNER IN A PARTNERSHIP OR A SIMILAR POSITION IN RELATION TO OTHER LEGAL

ENTITIES .................................................................................................................................................. 51

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SUPPLEMENTARY RULES FOR CSPS ARRANGING FOR ANOTHER PERSON TO ACT AS

DIRECTOR OR SECRETARY OF A COMPANY, A PARTNER IN A PARTNERSHIP OR A SIMILAR POSITION IN

RELATION TO OTHER LEGAL ENTITIES ....................................................................................................52

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SUPPLEMENTARY RULES APPLICABLE TO CSPS WHICH ARE `UNDER THRESHOLD

CLASS A CSPS' OR `UNDER THRESHOLD CLASS B CSPS'.......................................................................53

CHAPTER 5 ENFORCEMENT AND SANCTIONS................................................54

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SCOPE AND APPLICATION ......................................................................................... 54 GENERAL ................................................................................................................... 54

ANNEX 1 ....................................................................................................57 ANNEX 2 ....................................................................................................58 ANNEX 3 ....................................................................................................59

REVISIONS LOG

VERSION DATE ISSUED

1.00

15 March 2021

2.00

23 January 2024

DETAILS

Rulebook Issued Rulebook Amended

CSP RULEBOOK

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