Regulatory Alerts2018-02-26
Added
Capital Adequacy and Measurement—Regulatory Capital
The document amends Proper Conduct of Banking Business Directive no. 202 to replace the requirement for prior authorization from the Banking Supervision Department with a post-issuance notification process for banking corporations issuing Tier 2 Capital instruments. This change repeals the authorization criterion in Appendix D and introduces a new notification format in Appendix G. Banking corporations must notify the department soon after issuance, though pre-issuance consultation is expected if the instrument includes new characteristics affecting compliance. If the department determines non-compliance after issuance, the instrument must be immediately removed from regulatory capital.
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