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Chapter: | 155L
 | Title: | Banking (Capital) Rules | Gazette Number: | L.N. 156 of 2012 |
| Section: | 3D | Heading: | Authorized institution must notify Monetary Authority of failure to have minimum capital adequacy ratio | Version Date: | 01/01/2013 |
If an authorized institution fails to comply with section 3A or 3B, or fails to have a capital adequacy ratio that is equal to or more than the ratio specified by the Monetary Authority in a notice served on the institution under section 97F(1) of the Ordinance, the institution must¡X
(a) immediately notify the Monetary Authority of the failure; and
(b) provide the Monetary Authority with any particulars of the failure that the Monetary Authority requires.
(L.N. 156 of 2012)