GR-6.1.3

Past version: Effective from 01 Apr 2016 to 30 Sep 2017
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To facilitate the prior approval required under Paragraph GR-6.1.1, licensees should provide the CBB with:

(a) The licensee's intended percentage and amount of proposed dividends for the 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 requirements outlined in Section AU-2.5.
April 2016