CA-11.2.1A
The CBB is likely to be guided by the following criteria in deciding to grant exemption to any
(a) The conventional bank licensee's holdings or taking of positions in foreign currencies, including gold, defined as the greater of the sum of the gross long positions and the sum of the gross short positions in all foreign currencies and gold, does not exceed 100% of its Total Capital; and
(b) The conventional bank licensee's overall net open position, as defined in Paragraph CA-11.3.1, does not exceed 2% of its Total Capital as defined in Chapter CA-2.
January 2015