For the purpose of being granted a license by the Central Bank to perform an Open Finance Service, an Open Finance Provider will be required to hold a minimum capital amount of one million Dirham (AED 1,000,000).
Additional capital requirements may be imposed by the Central Bank, at its sole discretion and notified to the Open Finance Provider, with the Central Bank taking into account factors such as the risk, size and/or complexity associated with the activities conducted by the Open Finance Provider.