Regulatory Alerts2021-06-11
Added · Updated
MAS Notice 601 Capital Funds and Head Office Capital Funds
MAS Notice 601 excludes revaluation reserves and specific unrealised fair value gains or losses from the definition of capital funds under the Banking Act. The notice further requires that published reserves for head office capital funds must exclude any revaluation reserves. These provisions apply to banks and take effect from 11 June 2007, with amendments effective from 1 July 2021.
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