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CA-1.1.6

Past version: Effective from 01 Jan 2014 to 31 Dec 2018
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Licensees must ensure that at all times they maintain the minimum leverage ratio outlined in Paragraph CA-1.1.3. In the event that the licensee does not comply with the minimum leverage ratio, it must notify the CBB by no later than the following business day of the actual level of the leverage ratio. When providing such notification, the licensee must:

(a) Provide to the CBB, within one week of the non-compliance, a written action plan setting out how the licensee proposes to restore its leverage ratio to the required minimum level and describe the systems and controls that have been put in place to prevent any future non-compliance of the minimum leverage ratio; and
(b) Report to the CBB on a monthly basis or on another timely basis as required by the CBB, the licensee's leverage ratio until such time as the leverage ratio has reached 55% or other target level as specified by the CBB.
January 2014