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GR-4.1.3

To facilitate the prior approval required under Paragraph GR-4.1.1, licensees subject to Paragraph GR-4.1.1 must provide the CBB with:

(a) The licensee's intended percentage and amount of proposed 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) and the liquidity position of the licensee.
Amended: October 2017
October 2010