FCA asks Aberdeen to up minimum level of capital held for regulatory purposes

September 12, 2016 6:16 AM

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LONDON, Sept 12 British's Financial Conduct Authority has asked Aberdeen Asset Management to increase the required minimum level of capital it holds for regulatory purposes, the asset manager said on Monday.

Aberdeen's total regulatory capital requirement will rise to about 475 million pounds ($630.75 million) from 435 million pounds previously, it said in a statement.

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