Capitalisation Requirement

Notice is hereby given to proposed new licensees, including existing licensees of the International Financial Services Commission (the “Commission”) who may wish to apply for another first issue licence. As of the date of this Public Notice, no licence will be granted unless the applicant, if it is a company or other corporate entity (by whatever name called), satisfies the Commission that it has fully paid-up and unimpaired capital in the amount set out in the Fourth Schedule of the International Financial Services Commission (Licensing) Regulations, 2007 (as amended by Statutory Instrument No. 10 of 2016) (the ‘Regulations’).