Singapore legislation
Regulation 9
Regulation 9
Equity securities
Amended byS 233/2013 wef 18/04/2013
Subregulation 1
Amended byS 233/2013 wef 18/04/2013
A licensed insurer shall value an equity security as follows:
(a)
where it is listed on a securities exchange, at its market value; or
(b)
where it is not listed on any securities exchange, at its net realisable value.
Subregulation 2
In determining the net realisable value of an equity security which is not listed on a securities exchange, the insurer shall take into account —
(a)
the amount of consideration it would receive by selling the equity security; and
(b)
the net tangible asset value of the equity security.