PIB A2.1.14 Guidance
1. Separate documentation need not be produced for every transfer. If the same method is used for a number of transfers, a single document detailing the procedures will suffice. However, an
Authorised Firm must still be able to distinguish transactions that have been undertaken for risk transfer purposes from other transactions.
2. Arm's-length prices must be used in any transfer. 'Arm's-length' means the prevailing market price for the particular transaction.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]