Regulatory Alerts2019-04-26
DMSD Circular 1/2019 on Submission of Monthly Capital Adequacy Returns
The Securities and Exchange Commission requires all licensed dealers to submit monthly capital adequacy returns in the prescribed electronic format to verify compliance with minimum net capital and liquidity margin thresholds. Submissions must be emailed by the 10th of each month following the reporting period, with the inaugural return due on May 10, 2019. Dealers unable to maintain the K50,000 net capital or 10 percent liquidity margin must immediately notify the Commission and halt active securities trading.
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