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GR-3.1.2

The CBB will grant a no-objection letter where it is satisfied that the level of dividend proposed is unlikely to leave the licensee vulnerable — for the foreseeable future — to breaching the CBB's capital requirements, taking into account (as appropriate) the licensee's liquidity, the adequacy of provisions against impaired credit facilities or other assets and the level of realised gains in reported profits.

January 2013