The Bank shall not grant authorisation unless the applicant investment firm has sufficient initial capital in accordance with the requirements of EU Directive 2006/49/EC on the capital adequacy of investment firms, having regard to the nature of the investment services a proposed investment firm seeks an authorisation to provide.
Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 3 January 2018 - onwards
Regulation 32 Initial capital endowment
Revoked from 3 January 2018