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  • 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