An Open Finance Provider must hold, at all times, aggregate capital funds that do not fall below the minimum capital requirements set in Article 6 of this Regulation.
The minimum capital held as aggregate capital funds must be the higher of the figure stated in Article 6 of this Regulation and the Central Bank’s estimate of the wind down costs for the Open Finance Provider.
The Central Bank may at its sole discretion impose aggregate capital funds requirements higher than the requirements referred to in Article 7(1) of this Regulation, if, taking into consideration the risk, scale and complexity of the Open Finance Provider’s business, it considers such higher requirements are necessary for ensuring that the Open Finance Provider has the ability to fulfil its obligations under this Regulation.