GR-3.1.3
Past version: Effective from 01 Oct 2011 to 30 Sep 2017
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To facilitate the prior approval required under Paragraph GR-3.1.1,
(a) The licensee's intended percentage and amount of proposed dividends for the coming year;
(b) A letter of no objection from the bank's external auditor on such profit distribution; and
(c) A detailed analysis of the impact of the proposed dividend on the capital adequacy requirements outlined in Module CA (Capital Adequacy).
Amended: October 2011
October 07
October 07