Director deposits: allowed with written non-borrowed funds declaration and mandatory Board report disclosure. Rules amend deposit acceptance provisions to allow amounts received from a director or a director's relative only if accompanied by a written declaration that funds are not sourced from borrowed money or deposits from others, with mandatory disclosure of such receipts in the Board's report; they also expand the accounting base by substituting 'paid-up share capital, free reserves and securities premium account' for the prior phrase and update the specified Brickwork rating entry to 'BWR FBBB.'
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Director deposits: allowed with written non-borrowed funds declaration and mandatory Board report disclosure.
Rules amend deposit acceptance provisions to allow amounts received from a director or a director's relative only if accompanied by a written declaration that funds are not sourced from borrowed money or deposits from others, with mandatory disclosure of such receipts in the Board's report; they also expand the accounting base by substituting "paid-up share capital, free reserves and securities premium account" for the prior phrase and update the specified Brickwork rating entry to "BWR FBBB."
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