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Article (4): Requirement to Maintain a Minimum Level of Capital

C 23/2022 Effective from 15/5/2022

4.1 Restricted Licence Banks must, at all times, maintain a minimum level of paid- up capital. The level of this requirement is set in Article (5) of this Regulation.

4.2 The minimum level of capital must be held by a Restricted Licence Bank on an ongoing basis and is a prerequisite for licensing.

4.3 A Restricted Licence Bank may not decrease its paid-up capital without the prior approval of the Central Bank.