Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens if a controlling officer cannot be cleared in connection with the FCL?

April 26, 2017connection FCL happens officer

0

Posted

What happens if a controlling officer cannot be cleared in connection with the FCL?

1 Answer

0

Posted

The facility is not eligible for a FCL. Alternatively, the officer must officially step down from his or her title as an officer/director and relinquish control of the facility.