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  • Capital Adequacy

    • BR-2.2.17

      In the event that an investment firm licensee fails to meet any of the requirements specified in Module CA (Capital Adequacy), it must, on becoming aware that it has breached the requirements, immediately notify the CBB in writing (ref. CA-1.1.5).

      Amended: April 2017
      Adopted: October 2009

    • BR-2.2.18

      Category 1 investment firms and Category 2 investment firms must notify the CBB if:

      (a) The ratio of Regulatory Capital to their Regulatory Capital Requirement falls below 110%;
      (b) Any single probable contingency, financial commitment or large exposure exceeds 25% of their Regulatory Capital; and
      (c) Any instrument, transaction or situation does not appear to be catered for under Module CA (ref. CA-1.2.9).
      Amended: July 2012
      Adopted: October 2009

    • BR-2.2.19

      An investment firm licensee shall notify the CBB if it has counterparty exposures in repurchase and reverse repo transactions, including sale and buy back and securities lending (ref. CA-3.3.1). This requirement is applicable to Category 1 investment firms and Category 2 investment firm licensees only.

      Amended: July 2012
      Adopted: October 2009

    • BR-2.2.20

      An investment firm licensee shall notify the CBB if it has counterparty exposures in swaps, forward contracts, over the counter options, contracts for differences and off-exchange futures (ref. CA-3.3.1). This requirement is applicable to Category 1 investment firms and Category 2 investment firm licensees only.

      Amended: July 2012
      Adopted: October 2009

    • BR-2.2.21

      As specified in Article 58 of the CBB Law, an investment firm licensee must notify the CBB immediately of any matter that may affect its financial position, currently or in the future, or limit its ability to meet its obligations.

      Adopted: October 2009