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When submitting a request for a letter of no-objection for proposed dividend, the request made by the insurance licenseeG must:

(a) Be made at a minimum 3 working days before the proposed announcement;
(b) Include a copy of the draft audited financial statements for the year to which the request for the proposed dividend pertains to; and
(c) Include a detailed analysis of the impact of the proposed dividend on the capital adequacy and solvency margin requirements as outlined in Module CA (Capital Adequacy) of Volume 3 CBB Rulebook and the liquidity position of the licensee.
Amended: October 2017
Added: April 2009
(2 Versions)
Apr 1 2009 - Sep 30 2017Oct 1 2017 onwards
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