Regulatory Alerts2022-06-29
Added · Updated
MAS Notice FHC-N601 on Capital Funds
MAS Notice FHC-N601 excludes specific reserves from the definition of capital funds for designated financial holding companies under the Financial Holding Companies Act 2013. The excluded items are revaluation reserves, unrealised fair value gains or losses on equity securities held at fair value through other comprehensive income, unrealised fair value gains or losses on debt securities and loans 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. This notice takes effect on 1 July 2022.
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