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  • AU-2.5 AU-2.5 Condition 5: Financial Resources

    • AU-2.5.1

      Investment firm licensees must maintain a level of financial resources, as agreed with the CBB, adequate for the level of business proposed. The level of financial resources held must exceed at all times the minimum requirements contained in Module CA (Capital Adequacy), as specified for the category of investment license held.

      Amended: July 2007

    • AU-2.5.2

      [This Paragraph deleted 07/2010.]

      Deleted: July 2010

    • AU-2.5.3

      Overseas applicants are required to provide written confirmation from their head office that the head office will provide financial support to the branch sufficient to enable it to meet its obligations as and when they fall due. Overseas applicants must also demonstrate that the company as a whole is adequately resourced for the amount of risks undertaken.

      Amended: July 2007