Regulation 6

For the purposes of section 32(3) of the Act, the FHC group of a predominantly banking DFHC must not acquire or hold interests in or rights over immovable property, wherever situated, the value of which exceeds in the aggregate 20% of the eligible total capital of the FHC group.

Despite paragraph (1), the Authority may, if it considers appropriate in the particular circumstances of a predominantly banking DFHC or its FHC group, allow the interests in or rights over immovable property to exceed in the aggregate 20% of the eligible total capital of the FHC group for such period, and subject to such conditions, as the Authority may determine.