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Guideline on Segmental Reporting under a Single Banking Licence Regime

This Guideline lays down in the context of the single licensing regime

(i) the several choices that banks have respecting their principal lines of business;

(ii) the concept of ‘foreign source income’ for tax purposes;

(iii) the treatment of specific deposit liabilities for the cash reserve ratio requirement under Section 49 (1) of the Bank of Mauritius Act 2004;

(iv) the exemption from the maintenance of the capital adequacy ratio under Section 20 (2) of the Banking Act 2004; and

(v) the reliance on home regulator global capital adequacy assessment in respect of banking business when conducted by an unincorporated branch of a foreign bank.