Capital Requirement

– No minimum capital requirement is imposed for the PCC and for each cell within the PCC.

– However, on a case to case basis and depending on the nature of the business, the Commission may prescribe certain capital requirements.

– In the case of insurance or re insurance business, each cell must abide by the Financial Services Development (Amendment Of Schedules) Regulations 2001 regarding the requirement of minimum paid up capital.

Capital Requirement was last modified: April 14th, 2015 by Manu Raj

Manu Raj

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