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What are the capital adequacy guidelines for Trust Licence holders?
Under the Banks and Trust Companies Act, 1990 General Trust Licence holders are required to have a minimum fully paid up capital of two hundred and fifty thousand dollars (US$250,000) or its equivalent in foreign currencies, or such sum as the Commission, by order determines, and has deposited or invested a sum of money as may be specified by the Commission but not to exceed $100,000.
Applicants for a Restricted Trust Licence are not subject to capital requirements.