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Chapter:

155L PDFTitle:Banking (Capital) RulesGazette Number:L.N. 156 of 2012
Section:3DHeading:Authorized institution must notify Monetary Authority of failure to have minimum capital adequacy ratioVersion 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)