• IMEB 2.1.2 IMEB 2.1.2 Financial resources — general requirement

    (1) A firm must have at all times financial resources of the kinds and amounts required by, and calculated in accordance with, this chapter.
    (2) A firm must also have at all times additional financial resources that are adequate for the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
    Derived from QFCRA RM/2011-3 (as from 1st July 2011)

    • IMEB 2.1.2 Guidance

      For rule 2.1.2 (2), the firm's governing body should assess whether the minimum financial resources required by these rules are adequate for the firm's business. Additional financial resources should be maintained by the firm if its governing body considers that the required minimum financial resources do not adequately reflect the risks of the firm's business.

      Note Governing body is defined in the glossary.

      Derived from QFCRA RM/2011-3 (as from 1st July 2011)