Regulatory Alerts2021-06-28
Added · Updated
MAS Notice 1001 Definition of Capital Funds and Head Office Capital Funds
This Notice excludes revaluation reserves, unrealised fair value gains or losses on equity and debt securities held at fair value through other comprehensive income, and cumulative fair value gains or losses on cashflow hedges of financial instruments measured at amortised cost from the definition of capital funds for merchant banks. It further excludes revaluation reserves from the term published reserves within the definition of head office capital funds. These provisions take effect on 1 July 2021.
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