Singapore legislation
Regulation 24A
Regulation 24A
Valuation of equity investments
Amended byS 661/2013 wef 25/10/2013S 370/2010 wef 05/07/2010
For the purposes of section 31 of the Act in relation to a bank incorporated in Singapore, the valuation of any equity investment in a single company shall be —
(a)
in the case where revaluation gains with respect to the equity investment are permitted by the Authority to be included in the computation of the bank’s capital funds, the sum of —
(i)
the cost of the equity investment; and
(ii)
the revaluation gains with respect to the equity investment; and
(b)
in any other case, the cost of the equity investment less revaluation losses and diminution in value with respect to the equity investment, if any.