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The CBB will grant a no-objection letter where it is satisfied that the level of dividend proposed is unlikely to leave the licensee vulnerable – for the foreseeable future – to breaching the CBB's capital requirements, taking into account (as appropriate) the licensee's liquidity and the adequacy of provisions against impaired loans or other assets.

Amended: October 2011
October 07
(2 Versions)
Oct 1 2007 - Sep 30 2011Oct 1 2011 onwards
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