Minimum owned fund requirements classify finance companies by aircraft leasing, non-core, core and specialised activities, with conditional regulatory exemptions. Minimum owned fund requirements apply according to the activities undertaken by finance companies. Sole aircraft operating lease transactions and non-core ... Summary
International Financial Services Centres Authority (Finance Company) Regulations, 2021
Minimum owned fund requirements classify finance companies by aircraft leasing, non-core, core and specialised activities, with conditional regulatory exemptions.
Minimum owned fund requirements apply according to the activities undertaken by finance companies. Sole aircraft operating lease transactions and non-core activities require USD 0.2 million or equivalent, subject to any higher amount needed for specific registration. Core activities require USD 3 million or equivalent, while specialised activities require USD 5 million or equivalent. Aircraft operating lease entities are exempt from specified requirements if they maintain a Board-approved prudential policy and meet fit-and-proper criteria. No exemptions are specified for core or specialised activities.
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