Section 25: Minimum liquid assets of foreign exchange dealers

Banking Act · PART III: CAPITAL STRUCTURE, RESERVE ACCOUNT AND OTHER FINANCIAL PROVISIONS

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

25. Minimum liquid assets of foreign exchange dealers Every foreign exchange dealer shall at all times maintain such minimum liquid assets, equivalent to not les than 10 per cent of its liabilities, as may be determined by the central bank.

Ask juris about this section Official source

Questions this section answers

What minimum liquid assets must a foreign exchange dealer hold?