Singapore legislation
Regulation 5
Regulation 5
Valuation of equity investments
For the purposes of section 30 of the Act, in relation to a predominantly banking DFHC, the valuation of any equity investment in a single company is —
(a)
in the case where revaluation gains with respect to the equity investment are permitted by the Authority under section 36 of the Act to be included in the computation of the eligible total capital of the FHC group of a predominantly banking DFHC — 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.