Minimum owned fund requirements classify finance-company activities and condition regulatory exemptions on prudential governance and fit-and-proper compliance. Minimum owned fund requirements distinguish entities conducting only non-core activities, core activities, Global or Regional Corporate Treasury Centre ... Summary
Minimum owned fund requirements classify finance-company activities and condition regulatory exemptions on prudential governance and fit-and-proper compliance.
Minimum owned fund requirements distinguish entities conducting only non-core activities, core activities, Global or Regional Corporate Treasury Centre activities, and special purpose vehicle leasing or financing. Non-core-only entities and Treasury Centres must maintain the higher of the applicable USD 0.2 million threshold or activity-specific amount, while core-activity entities must meet the higher applicable core-capital, non-core registration, or Authority-specified amount. Specified exemptions require a Board-approved prudential policy and Fit and Proper compliance. Special purpose vehicles must hold minimum owned fund or paid-up share capital equivalent to the Companies Act amount or an Authority-specified amount.
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