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PIB 3.16.1

Minority interests must include the CET1 Capital instruments, plus the related retained earnings and share premium accounts, of a Subsidiary only where all of the following conditions are met:

(a) the Subsidiary is one of the following:
(i) an Authorised Firm; or
(ii) a regulated entity,
(b) the Subsidiary is a member of the Financial Group and included in the scope of consolidated supervision in accordance with PIB chapter 8; and
(c) those CET1 Capital instruments are owned by persons other than the Undertakings included in the Financial Group.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]