807.This paragraph requires the Authority to be satisfied that the applicant has adequate resources, which has a wide meaning.  The term adequate is intended to mean sufficient in terms of quantity, quality and availability, and resources is intended to include all material or financial resources, for instance capital, provisions against liabilities, holdings of or access to cash and other liquid assets.  A person must also have effective means by which to manage risks.  The Authority may take account of a person’s membership of a group in deciding whether it is satisfied that this condition is met.
Schedule 6: Threshold Conditions Part I: Part IV Permission Paragraph 4: Adequate resources