CAPI 3.1.7 What are inadmissible assets?

Inadmissible assets of a firm include—

(a) tangible fixed assets (including plant and equipment); and
(b) deficiencies of net assets in subsidiaries; and
(c) debts and other loans owed to the firm by counterparties if the obligation to pay is more than 180 days overdue; and
(d) any investment by a subsidiary of the firm in the firm's shares; and
(e) investments that are not readily realisable investments.

Note Subsidiary is defined in the glossary.

Derived from QFCRA RM/2011-1 (as from 1st July 2011)