Whole Section

  • 5.1J Notification of Reduction in Capital

    • 5.1J

      Every Clearing Member shall:—

      5.1J.1 except in the case of a Bank Clearing Member, report to CDP within 48 hours of occurrence of any reduction in excess of 20% in its financial resources or adjusted net head office funds, as the case may be, from the previously submitted financial statement; or
      5.1J.2 in the case of a Bank Clearing Member, report to CDP within 48 hours of occurrence of any reduction in excess of 20% in its regulatory capital from the previously submitted financial statement.

      Added on 22 April 201922 April 2019.