DMSD Circular 1 – 2019 – Submission of Monthly Capital Adequacy Returns

DMSD Circular 1 – 2019 – Submission of Monthly Capital Adequacy Returns

Reference is made to the above subject matter.

The Commission wishes to remind Dealers of the provision of Section 28 and 29 of the Securities (Accounting and Financial Requirements) Rules, Statutory Instrument No. 171 of 1993 which require licensed dealers to provide and at all times maintain in their business as dealers a net capital of not less than k50,000 and a liquidity margin of not less than K5,000. These provisions are restated below for ease of reference:

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