PRU 3.3.2

The table below sets out the Base Capital Requirement for each Category of Authorised Persons.
Category Base Capital Requirement (US $)
1 10 million
2 2 million
3A 500,000
3B 4 million
3C 250,000, except where an Authorised Person has a Financial Services Permission only to carry out the Regulated Activity of Managing a Collective Investment Fund, in which case the Base Capital Requirement is the higher of:
a) 150,000 if the Authorised Person manages a Public Fund or any other type of fund that is available to retail customers; or
b) 50,000 otherwise.
4 10,000, except where an Authorised Person has a Financial Services Permission to carry out the Regulated Activity of Operating a Private Financing Platform and holds Client Assets, in which case the Base Capital Requirement is 150,000.
5 10 million