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  • CA-1 CA-1 Capital Adequacy and Liquidity Requirements

    • CA-1.1 CA-1.1 General Requirements

      • Obligation to Maintain Adequate Capital and Liquidity

        • CA-1.1.1

          In accordance with Principle of Business 9 (Section PB-1.1.9), licensees must maintain adequate human, financial and other resources sufficient to run their business in an orderly manner.

          May 2011

        • CA-1.1.2

          In addition to the minimum capital and liquidity requirements specified in Section CA-1.2, the CBB may, at its discretion, require licensees to hold additional capital and/or liquidity, should this be necessary in the CBB's view.

          May 2011

        • CA-1.1.3

          Licensees are required to maintain, at all times, the minimum capital and liquidity requirements specified in Section CA-1.2.

          May 2011

        • CA-1.1.4

          No funds may be withdrawn by shareholders from the licensee without the necessary prior written approval of the CBB.

          May 2011

        • CA-1.1.5

          In the event that a licensee fails to meet any of the requirements specified in this Module, it must, on becoming aware that it has breached these requirements, immediately notify the CBB in writing. Unless otherwise directed, the licensee must in addition submit to the CBB, within 30 calendar days of its notification, a plan demonstrating how it will achieve compliance with these requirements.

          May 2011

        • CA-1.1.6

          Should a licensee fail to comply with the requirements of this Module, the CBB may impose enforcement measures, as described in Module EN.

          May 2011

    • CA-1.2 CA-1.2 Minimum Capital and Liquidity Requirements

      • Key Requirements

        • CA-1.2.1

          Licensees must ensure that, at all times, their minimum capital and liquidity meet the requirements stipulated in this Section.

          May 2011

      • Capital Requirements

        • CA-1.2.2

          For those licensees whose regulated administration services are those outlined for fund administrators in Paragraph AU-1.1.11, the minimum paid up capital is BD 40,000.

          May 2011

        • CA-1.2.3

          For those licensees whose regulated administration services are those outlined for registrars in Paragraph AU-1.1.12, the minimum paid up capital is BD 20,000.

          May 2011

        • CA-1.2.4

          A licensee's liabilities should not exceed threefold the total of:

          (a) Paid up capital;
          (b) Statutory reserve;
          (c) General reserves; and
          (d) Retained Earnings.
          May 2011

      • Liquidity Requirements

        • CA-1.2.5

          Licensees whose regulated administration services are those outlined for fund administrators and registrars in Paragraphs AU-1.1.11 and AU-1.1.12 respectively, must maintain adequate liquid funds representing 25% of operating expenses incurred in the preceding financial year at all times in the form of cash or liquid assets that can be converted to cash in the short-term to cover its operating expenses.

          Amended: January 2023
          May 2011

        • CA-1.2.6

          [This Paragraph was deleted on January 2023].

          Deleted: January 2023
          May 2011

        • CA-1.2.7

          [This Paragraph was deleted on January 2023].

          Deleted: January 2023
          May 2011

        • CA-1.2.8

          [This Paragraph was deleted on January 2023].

          Deleted: January 2023
          May 2011