Initial Capital Requirement
Initial capital requirements, as defined in Rule CA-1.2.7, are:
(a) For Category 1 investment firms , BD 1,000,000;
(b) For Category 2 investment firms , BD 1,000,000 if undertaking the activity of safeguarding financial instruments (i.e. custodian), BD 250,000 in all other cases; and
(c) For Category 3 investment firms , BD 125,000.
Amended: January 2011
Amended: July 2007
Amended: July 2007