CRA-10.3.7

As specified in Article 57(a) of the CBB Law, a licensee must seek the CBB’s prior written approval before making any modification to its authorised or issued capital. In the case that a licensee has been granted approval to increase its paid-up capital, confirmation from the external auditor stating that the amount has been deposited in the licensee's bank account or otherwise reflected in the licensee's accounts will subsequently be required.