PIB A2.1.8

In calculating its net open foreign exchange positions, an Authorised Firm may exclude any foreign exchange position related to:

(a) items which are included as deductions from T1 Capital or deductions from T2 Capital, such as investments in unconsolidated subsidiaries; and
(b) associated companies and joint ventures, denominated in foreign currencies, which are reported in the published accounts of an Authorised Firm at historic cost.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]