Regulatory Alerts2020-09-28
Guidelines to Satisfy the Requirements of the Financial Services Commission (Capital Requirement) Regulations, 2020
The Financial Services Commission of Belize issued these guidelines to clarify the scope and interpretation of the Capital Requirement Regulations, 2020 for licensees and applicants. The document mandates that entities satisfy capital requirements either by depositing funds in a Zone A country bank or via a Parent Company Guarantee, specifying detailed documentation and procedural steps for each method. Furthermore, it outlines ongoing compliance obligations, including annual creditworthiness assessments and procedures for relocating capital deposits between approved jurisdictions.
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