Notices
Last Revised Date: 05 October 2018

Notice SFA 04-N13 Risk Based Capital Adequacy Requirements for Holders of Capital Markets Services Licences

How to comply with risk based capital adequacy requirements.

Issued pursuant to:

Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations section 2B , section 5A and section 6 .

This notice applies to capital markets services (CMS) licensees, except CMS licensees that are credit rating agencies or venture capital fund managers.

Sets out the methodology for calculation of:

  • Financial resources or adjusted net head office funds, whichever is applicable; and
  • Total risk requirements.

Amendment Notes