2-Submittal B – Minimum Requirements Form.pdf

This is a Minimum Requirements Form for a Request for Proposal issued by the City of Los Angeles, Los Angeles World Airports (LAWA), seeking qualified investment banking firms to establish an underwriter pool. Respondents must demonstrate compliance with four mandatory qualification criteria to be considered for participation in the RFP process. The form requires affirmation of minimum net capital requirements, professional licensing standards, regulatory compliance with federal and state laws as well as California Department of Business Oversight requirements, and adherence to the City's Responsible Banking Ordinance. Any response indicating "Not Qualified" to any of these minimum requirements will result in automatic rejection of the respondent's proposal.

The minimum qualifications require that proposing firms maintain net capital of at least $100,000 as of December 31, 2025; employ at least one full-time professional supervisory employee holding a FINRA Series 53 license; maintain all licenses and registrations required by applicable federal, state, and California Department of Business Oversight regulations for underwriting and investment banking services; and demonstrate compliance with the City's Responsible Banking Ordinance as specified in the RFP exhibits. Respondents must submit this form with a declaration under penalty of perjury, warranting the accuracy and completeness of all responses. LAWA reserves the right to deem any response non-responsive and reject the respondent from further participation if any information is determined to be false, misleading, or contains misstatements of fact.