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CRA-4.10.4

To facilitate the prior approval required under Paragraph CRA-4.10.2, licensees 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.
Amended: April 2023
Added: April 2019