Finance company classification excludes deposit-taking entities and Banking Units while recognising incorporated entities undertaking permissible financial activities. A Finance Company and Finance Unit may undertake permissible financial activities only if they do not accept public deposits from residents or ... Summary
Finance company classification excludes deposit-taking entities and Banking Units while recognising incorporated entities undertaking permissible financial activities.
A Finance Company and Finance Unit may undertake permissible financial activities only if they do not accept public deposits from residents or non-residents and are not registered as Banking Units. Aircraft Lease and Ship Lease include operating, financial, and hybrid leases of the relevant assets, engines, and parts. Public deposit includes demand-repayable and term-deposit amounts raised from residents or non-residents. Owned fund is calculated from specified capital and reserve components after prescribed exclusions and deductions.
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