Which of the following is/are not OFSI’s approach to ‘extraordinary expenses’ licensing ground:

Which of the following is/are not OFSI’s approach to ‘extraordinary expenses’ licensing ground:
A . This must be an expense of the designated person and it must be extraordinary in nature (so no recurring or easily anticipated)
B. It cannot be used where other grounds are more suitable or as a way of avoiding the clear limitations of those other grounds
C. This must not be an expense of the designated person and it must be extraordinary in nature (so no recurring or easily anticipated)
D. It can be used where other grounds are more suitable or as a way of avoiding the clear limitations of those other grounds

View Answer

Answer: C,D

Explanation:

The following are OFSI’s approach to ‘extraordinary expenses’ licensing ground:

• This must be the expense of the designated person and it must be extraordinary in nature (so no recurring or easily anticipated).

• It cannot be used where other grounds are more suitable or as a way of avoiding the clear limitations of those other grounds.