24A. Valuation of equity investments

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 —

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 —

the cost of the equity investment; and

the revaluation gains with respect to the equity investment; and

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.