6.1 As part of the licensing process, the Central Bank may impose higher minimum capital requirements to those defined in Article (3), and define the quality of capital eligible to meet these requirements. These higher minimum capital requirements will remain applicable until a new capital decision is taken.
6.2 As part of the licensing process, applicants are required to submit a 3-year business plan. Their proposed level of paid-up capital must be sufficient to cover the expected regulatory capital requirements over that 3 year period, based on the projected activities.