Notices
 Published Date: 29 June 2022

Notice FHC-N625 on Compliance with Section 30 on a Consolidated Basis

Sets out requirement for predominantly banking designated financial holding companies (predominantly banking DFHCs) to comply with the limit on equity investments in section 30 of the Financial Holding Companies Act 2013 on a consolidated basis. 
Issued pursuant to: Financial Holding Companies Act 2013 section 33
Applies to: Financial Holding Company (Banking)
View Notice Notice FHC-N625 on Compliance with Section 30 on a Consolidated Basis (128.7 KB)
All predominantly banking DFHCs are required to comply with section 30 of the Financial Holding Companies Act on a consolidated basis, by aggregating the value of equity investment in a company acquired or held by it with the value of equity investment in the company that is acquired or held by any other company within its FHC group.

Amendment Notes

01 July 2022
Notice FHC-N625 (131 KB) takes effect.