• 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

        A licensee's whose regulated administration services are those outlined for fund administrators in Paragraph AU-1.1.11, must hold net liquid assets in a form acceptable to the CBB. The net liquid assets must be the greater of:

        (a) BD40,000; and
        (b) Six months of estimated total expenses.
        May 2011

      • CA-1.2.6

        A licensee's whose regulated administration services are those outlined for registrars in Paragraph AU-1.1.12, must hold net liquid assets in a form acceptable to the CBB. The net liquid assets must be the greater of:

        (a) BD20,000; and
        (b) Six months of estimated total expenses.
        May 2011

      • CA-1.2.7

        The liquid assets referred to in Rules CA-1.2.5 and CA-1.2.6 must be free of encumbrances, pledges or liens.

        May 2011

      • CA-1.2.8

        Net liquid assets referred to in Rules CA-1.2.5 and CA-1.2.6 comprise of cash, cash equivalents, and placements or deposits maturing within 30 days less any liabilities due within 30 days.

        May 2011