Section 9Part 1 — Banks and Trust Companies Act
Capital funds requirements
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The Authority may, by notice in writing, require a licensee to maintain such portion of its issued capital, in cash or cash equivalent instruments, in such amounts and in such manner, as the Authority considers appropriate, having regard to the risk s arising from the activities of the licensee and such other factors as the Authority considers relevant.
In this section — “ cash equivalent instruments ” means a highly liquid security with a known market value and a maturity, when acquired, of less than three months.