GR-3.1.1A
Past version: Effective from 01 Oct 2017 to 31 Dec 2023
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When submitting a request for a letter of no-objection for proposed dividend, the request made by the
(a) Be made at a minimum 3 working days before the proposed announcement;
(b) Include a copy of the draft audited financial statements for the year to which the request for the proposed dividend pertains to; and
(c) Include a detailed analysis of the impact of the proposed dividend on the capital adequacy and solvency margin requirements as outlined in Module CA (Capital Adequacy) of Volume 3 CBB Rulebook and the liquidity position of the licensee.
Amended: October 2017
Added: April 2009
Added: April 2009