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

LONDON, Sept 12 (Reuters) - British's Financial Conduct Authority has asked Aberdeen Asset Management (Frankfurt: 899502 - news) 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.

The board has therefore decided to reduce the self-imposed headroom between the regulatory minimum and its actual capital level, previously 100 million pounds, on an ongoing basis, it added. ($1 = 0.7531 pounds) (Reporting by Maiya Keidan; editing by Simon Jessop)