PUBLIC NOTICE: TCIFSC is aware of speculation about a licensed bank and is engaging the institution. We are monitoring the matter and advising the public that there is no cause for concern.
Evidence of capital held as prescribed in ID Regs 4
Audited accounts be filed within 6 months of the financial year end;
A Certificate of Solvency and an Annual Compliance Certificate (“annual certificates”) signed by a director and a senior officer;
A certificate signed by an approved auditor, to confirm compliance with the applicable statutory requirements;
Evidence of Professional Indemnity Insurance as prescribed; and
Payment of the annual Investment Dealers licence fee.
Emphasis is placed on the fitness and propriety of individuals appointed as directors, as well as the beneficial owners, managers, shareholders and partners of the applicant. Therefore in addition to the documentation listed above, all directors, beneficial owners, managers, shareholders and partners are to provide the following documents:
