Book traversal links for Minimum Capital Requirements
Minimum Capital Requirements
Effective from 2020-11-09 - Nov 08 2020
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20. | Every DTFC shall, at all times- | |
i. | maintain records including balance sheets and periodic statements of income and expenditure to enable proper computation of the institution's capital adequacy of 20%; and | |
ii. | maintain the prescribed minimum capital requirements. | |
21. | SAMA shall determine whether an institution is in compliance with the capital adequacy requirements in accordance with these Regulations. |