Depending on the type(s) of regulated activity that you apply for, you have to maintain at all times paid-up share capital and liquid capital not less than the specified amounts according to the Securities and Futures (Financial Resources) Rules and other regulatory requirements such as the Sponsor Guidelines (Appendix A to the "Guidelines on Competence") and the Code on Open-Ended Fund Companies, where applicable. If you apply for more than one type of regulated activity, the minimum paid-up share capital and liquid capital that you should maintain shall be the highest amount required amongst those regulated activities you apply for.