39. Conditions for licence to financial holding company
The Central Bank may attach conditions to the licence of a financial holding company under this section, including, without limitation, conditions to ensure that —
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(a) the capital available to the financial group is adequate and will not jeopardize the financial position of the licensed financial institutions within the financial group;
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(b) no double or multiple gearing or excessive leveraging of capital exists or will take place;
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© the financial group is structured and managed in such a manner that it may be supervised by the Central Bank;
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(d) each member of the financial group maintains adequate control mechanisms enabling it to provide to the Central Bank any data or information relevant to its supervision;
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© activities or overseas locations of operations that may be injurious to the licensed financial institutions that are members of the financial group are prevented, and the Central Bank may from time to time, vary, remove or add further conditions to the licence.