GR-3.1.3
  To facilitate the prior approval required under Paragraph GR-3.1.1, 
  (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).
  January 2014
 
  
        