Effective from 2020-11-09 - Nov 08 2020 To view other versions open the versions tab on the right
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.
