INMA 3.3.3 Minimum paid-up share capital

(1) An INMA firm must have paid-up share capital of at least the amount specified, by reference to the activity that the firm is (or is to be) authorised to conduct, in table 3.3.3. If the firm is (or is to be) authorised to conduct more than 1 such activity, it must have the higher or highest of the relevant amounts of paid-up share capital.

Table 3.3.3 Minimum paid-up share capital

Activity Minimum paid-up share capital (QR)
Dealing in investments (if limited to dealing as agent) 1.8 million
Managing investments 1.8 million
Providing custody services 1.8 million
Operating a collective investment scheme 1.8 million
Providing custody services in relation to a collective investment scheme 35 million
Providing scheme administration 900,000
Arranging deals in investments 900,000
Arranging the provision of custody services 900,000
Arranging financing facilities 900,000
Advising on investments 900,000
(2) If the Regulatory Authority considers that, because of the nature, scale and complexity of a particular INMA firm's business, the firm should hold higher paid-up share capital than is required by subrule (1), the authority may at any time require the firm to hold a specified higher amount of paid-up share capital.

Note Paid-up share capital (for firms that are not companies) is defined in the glossary.
Amended by QFCRA RM/2015-3 (as from 1st January 2016).