Back Custom print Link Text Only Rich Text Print

  • Minimum Capital Requirement

    • CA-1.1.1

      A licensee must maintain a minimum paid-up capital of BD5,000,000. A greater amount of capital may be required by the CBB on a case-by-case basis. A licensee offering a limited scope of short-term instalment credit activity may be allowed, as determined by the CBB, to maintain a lower capital based on the nature, scale and size of operations.

      Amended: July 2022
      January 2013

    • CA-1.1.2

      In addition to the requirements of Paragraph CA-1.1.1, the CBB may require that an acceptably worded letter of guarantee be provided in support of the application for a license. Where the application for the license is for an incorporated entity, the CBB may seek a letter of guarantee from the major shareholder in control of the licensee.

      January 2013

    • CA-1.1.3

      All licensees must implement the requirements of Paragraphs CA-1.1.1 and CA-1.1.2, effective January 2013.

      January 2013