CRA-4.10.4

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Past version: Effective from 01 Apr 2019 to 31 Mar 2023
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To facilitate the prior approval required under Paragraph CRA-4.10.2, licensees subject to Paragraph CRA-4.10.3 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 Chapter CRA-3 (Minimum Capital Requirements) and the liquidity position of the licensee.

Added: April 2019