3.3.3 Minimum paid-up share capital (1) An INMA firm must have paid-up share capital of at least the amount specified, by reference to the activity that the firm is (or is to be) authorised to conduct, in table 3.3.3. If the firm is (or is to be) authorised to conduct more than 1 such activity, it must have the higher or highest of the relevant amounts of paid-up share capital. Table 3.3.3 Minimum paid-up share capital Activity Minimum paid-up share capital (QR) Dealing in investments (if limited to 1.8 million dealing as agent) Managing investments 1.8 million Providing custody services 1.8 million Operating a collective investment 1.8 million scheme Providing custody services in relation to 35 million a collective investment scheme Providing scheme administration 900,000 Arranging deals in investments 900,000 Arranging the provision of custody 900,000 services Arranging financing facilities 900,000 Advising on investments 900,000
3.3.3 Minimum paid-up share capital (1) An INMA firm must have paid-up share capital of at least the amount specified, by reference to the activity that the firm is (or is to be) authorised to conduct, in table 3.3.3. If the firm is (or is to be) authorised to conduct more than 1 such activity, it must have the higher or highest of the relevant amounts of paid-up share capital. Table 3.3.3 Minimum paid-up share capital Activity Minimum paid-up share capital (QR) Dealing in investments (if limited to dealing as agent) 1.8 million Managing investments 1.8 million Providing custody services 1.8 million Operating a collective investment scheme 1.8 million Providing custody services in relation to a collective investment scheme 35 million Providing scheme administration 900,000 Arranging deals in investments 900,000 Arranging the provision of custody services 900,000 Arranging financing facilities 900,000 Advising on investments 900,000
QFCRA_9583_VER3.docx