Section 9: Minimum capital requirements for credit reference bureau

Financial Institutions (Credit Reference Bureau) Regulations

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Consolidated text

business (1) A credit reference bureau shall not be granted or hold a licence unless the credit reference bureau has a minimum paid up capital of ten thousand currency points to be invested initially in such liquid assets as the central bank may approve. (2) The minimum capital funds of a credit reference bureau referred to in subregulation (1) unimpaired by losses, shall, at all times, not be less than ten thousand currency points. (3) The central bank may vary the minimum capital requirements specified in subregulation (1) and (2).

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