(1) An Authorised Person must have systems and controls to enable it to determine and monitor:
(a) its Capital Requirement; and
(b) whether the amount of its Capital Resources is, and is likely to remain, adequate at all times to ensure compliance with the applicable capital adequacy requirements.
(2) Such systems and controls must be capable of contributing to an analysis of:
(a) realistic scenarios which are relevant to the circumstances of the Authorised Person; and
(b) the effects on the Capital Requirement of the Authorised Person and on its Capital Resources if those scenarios occurred.
(3) An Authorised Person must notify the Regulator immediately and confirm in writing any breach, or expected breach, of any of the provisions of this Chapter by the Authorised Person.