, frequency of assessment may vary. The participating countries can also choose whether or not to disclose the assessment results. CG-ROSC participants are not required to pay any expenses but to facilitate the
may choose one of the following rules: (3.1) The dividend shall be paid from dividend or interest income received from any assets of the fund; (3.2) The amount of the dividend payment shall not exceed
business license under the first paragraph shall be in form attached herewith. Clause 5 The licensee shall pay the license fee in accordance with Clause 6, provided that it may choose to pay a lump sum on
licensee shall pay the license fee in accordance with Clause 6, provided that it may choose to pay a lump sum on the date of receiving the license or pay not more than five annual installments divided
capital markets by the World Bank. As participation in this program is voluntary, frequency of assessment may vary. The participating countries can also choose whether or not to disclose the assessment
asset is generating or expected to generate revenue of not lower than 80% of the total income of the aggregate entity. Investment categories An IFF can choose to invest in following categories as