Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 33

Scope of consolidation

An authorized institution shall disclose—

   (a)  the basis of consolidation including—

        (i)    an outline of the differences between the basis of
               consolidation for accounting purposes and the basis of
               consolidation for regulatory purposes; and

        (ii)   a description of— (A) the institution's subsidiaries which
               are members of its consolidation group; and (B) the
               institution's subsidiaries in respect of which the
               institution's shareholdings therein are deducted from the
               institution's core capital and supplementary capital as
               determined in accordance with Part 3 of the Capital Rules; and

   (b)  any restrictions, or other major impediments, on the transfer of funds
        or regulatory capital between the members of the institution's
        consolidation group including any relevant regulatory, legal or
        taxation constraints on the transfer of capital.