Book traversal links for Article (4): Requirement to Maintain a Minimum Level of Capital
Article (4): Requirement to Maintain a Minimum Level of Capital
C 23/2022 Effective from 15/5/20224.1 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.