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CA-1.1.6

Licensees must ensure that at all times they maintain the minimum CAR outlined in Paragraph CA-1.1.3. In the event that the licensee does not comply with the minimum CAR requirement, it must notify the CBB by no later than the following business day of the actual level of the CAR. 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 CAR 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 CAR; and
(b) Report to the CBB on a monthly basis or on another timely basis as required by the CBB, the licensee'sCAR until such time as the CAR has reached 12.5% or other target level as specified by the CBB.
Amended: January 2019
January 2014