EN-6.2.3

Past version: Effective from 18 Jul 2025 to 30 Jun 2007
To view other versions open the versions tab on the right

The criteria used by the BMA in deciding whether to seek an administration of a licensee include the following:

(a) the extent to which the interests of the market, its users and those who have a claim on the licensee would be best served by the administration of the license, for instance because of the potential impact on asset values arising from an administration;
(b) the extent to which other regulatory actions could reasonably be expected to achieve the BMA's desired supervisory objectives (such as restrictions on the licensee's operations, including limitations on new business and asset disposals);
(c) the extent to which the liquidity or solvency of the licensee is in jeopardy; and
(d) the extent to which the licensee has contravened the conditions of the BMA Law, including the extent to which the contraventions reflect more widespread or systemic weaknesses in controls and/or management.