BANK 3.1.2 Chapter 3 and its application to branches

(1) This chapter does not apply to a banking business firm that is a branch insofar as this chapter would require the branch to hold capital.
(2) A branch is required to comply with the reporting requirements under this chapter. In relation to the branch’s ICAAP, the branch may rely on the head office’s ICAAP (if available) to demonstrate compliance.
Derived from QFCRA RM/2014-2 (as from 1st January 2015).