PCD-A.2.13

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Past version: Effective from 01 Jan 2011 to 30 Sep 2012
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A "qualifying holding" is defined as (see Section CM-5.5 for associated terms):

(a) Any investment in the capital instruments of another entity by a locally incorporated bank which is equivalent to or more than 10% of the locally incorporated bank's capital base (as reported in the most recent PIR submitted to the CBB;) or

(b) Any investment by a locally incorporated bank of 20% or more of the capital instruments of the concerned entity.

Adopted: January 2011