IMEB 3.9.8 Duty to notify inability to pay any shortfall

A firm must notify the Regulatory Authority immediately if it becomes aware that it may not be able to pay any shortfall by the close of business on the day the shortfall is identified.

Note For the obligation to pay shortfalls, see rule 3.9.2 (a).

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