Hong Kong Regulations

BANKING (CAPITAL) RULES - SECT 39

Provisions supplementary to section 38(d)

An authorized institution's published reserves falling within section  38 (d)
as at a particular date shall be net of dividends—

   (a)  which are proposed or declared by the institution after that date; and

   (b)  which, as at that date, are recognized, or are required to be
        recognized, as equity on the institution's balance sheet.