COLL 4.1.9 Maintenance of Capital Notification—CIC's

If the capital of a CIC changes so that it falls below the minimum, or exceeds the maximum, stated in the constitutional document, the operator must tell the Regulatory Authority about the change immediately, but within 1 business day after the day the change happens.


See examples to rule 4.1.4 (2) on the meaning of 'within 1 business day'.

Note CIC is defined in r 1.3.7.

Derived from QFCRA RM/2010-05 (as from 1st January 2011)