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LM-1.1.2

To address the requirements of Paragraph LM-1.1.1, a minimum amount of liquid assets must be maintained by the licensee. The minimum level of liquid assets is determined by the minimum stock liquidity ratio (See Section LM-1.2) and maturity mismatch ratios (See Section LM-1.3) that must be complied with by the licensee.

January 2014