Minimum net worth compliance requires Payment Service Providers to meet ongoing thresholds, address revised requirements, and undergo corrective oversight. Payment Service Providers must maintain the minimum net worth prescribed in Schedule V on an ongoing basis. Additional net worth requirements resulting ... Summary
Minimum net worth compliance requires Payment Service Providers to meet ongoing thresholds, address revised requirements, and undergo corrective oversight.
Payment Service Providers must maintain the minimum net worth prescribed in Schedule V on an ongoing basis. Additional net worth requirements resulting from review must be met within 180 days from communication. The Authority may establish a framework for prompt corrective action where net worth falls below applicable requirements and may require net worth stress tests to assess capacity to withstand adverse economic scenarios.
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