How long does a licensee have to report a change of the CEO or mailing address?

The requirement for a licensee to report a change of the CEO or mailing address is established to ensure that the governing body can maintain up-to-date contact information and effectively oversee the operations of the licensee. Reporting these changes in a timely manner is crucial for regulatory compliance and effective communication.

The specified time frame of 10 working days balances the need for prompt reporting with a reasonable period for the licensee to document and relay such changes. It allows enough time for administrative preparation while ensuring that regulators receive the information quickly enough to act if necessary. This practice promotes accountability and helps prevent potential lapses in regulatory oversight that could arise from outdated information.