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Regulatory Requirements
 12 Months Ended
Mar. 31, 2024
Regulatory Requirements [Abstract]  
Regulatory Requirements

14. Regulatory Requirements

 

The following table illustrates the minimum regulatory capital as established by HKSFC that the Company’s subsidiaries were required to maintain as of March 31, 2024 and 2023 and the actual amounts of capital maintained.

 

Capital requirements as of March 31, 2024

 

   Minimum
Regulatory
Capital
Requirements		  

 

Capital
Levels
Maintained

  

 

 

Excess Net
Capital

  

 

Percent of
Requirement
Maintained

 
I Win Securities Limited  $383,345   $1,640,332   $1,256,987    428%
I Win Asset Management Limited(1)   12,778    72,452    59,674    567%
Total  $396,123   $1,712,784   $1,316,661    432%

 

Capital requirements as of March 31, 2023

 

   Minimum
Regulatory
Capital
Requirements		  

 

Capital
Levels
Maintained

  

 

 

Excess Net
Capital

  

 

Percent of
Requirement
Maintained

 
I Win Securities Limited  $382,167   $771,083   $388,916    202%
I Win Asset Management Limited(1)   12,739    76,306    63,567    599%
Total  $394,906   $847,389   $452,483    215%

 

(1)I Win Asset Management Limited is only required to file its regulatory returns in June and December of every year. The capital levels presented above as of March 31, 2024 and 2023, reflects the position as submitted in its regulatory return as of December 2023 and 2022, respectively.