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.
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