For the purposes of
[PIB Rule 3.13.2](c), an Authorised Firm may include interim or year-end net profits in CET1 Capital before the Authorised Firm has approved its annual audited accounts confirming its final profit or loss for the year, but only where:
(a) those profits have been reviewed by the External Auditor of the Authorised Firm, who is responsible for auditing its accounts; and
(b) the Authorised Firm is fully satisfied that any foreseeable charge or dividend has been deducted from the amount of those net profits.
Derived from RM111/2012
(Made 15th October 2012). [VER20/12-12]