PRU 3.6 PRU 3.6 Capital Requirements for Categories 3B, 3C and 4
PRU 3.6.2 PRU 3.6.2
Subject to Section 3.6A, the Capital Requirement for such an Authorised Person is calculated as the higher of:(a) the applicable Base Capital Requirement as set out in Section 3.3; or(b) the Expenditure Based Capital Minimum as set out in Section 3.7.
Guidance1. Section 3.6A specifies the Capital Requirements for Authorised Persons undertaking the Regulated Activity of Providing Money Services.