CA-1.2.5

Licensees whose regulated administration services are those outlined for fund administrators and registrars in Paragraphs AU-1.1.11 and AU-1.1.12 respectively, must maintain adequate liquid funds representing 25% of operating expenses incurred in the preceding financial year at all times in the form of cash or liquid assets that can be converted to cash in the short-term to cover its operating expenses.

Amended: January 2023
May 2011