GR-3.1.3

Past version: Effective from 01 Jan 2011 to 30 Sep 2011
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To facilitate the prior approval required under Paragraph GR-3.1.1, investment firm licensees subject to Paragraph GR-3.1.1 should provide the CBB with:

(a) A copy of the proposed agenda for the annual general meeting or other special meeting, noting the licensee's intended declared dividends for the coming year.
(b) A letter of no objection from the licensee'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: January 2011
Amended: July 2007