Financial Sector (Collection of Data) (reporting standard) determination No. 20 of 2006 Reporting Standard ARS 320.2 Equity Securities Held (Cth)

Case

Financial Sector (Collection of Data) (reporting standard) determination No. 20 of 2006

Reporting standard ARS 320.2 Equity Securities Held

Financial Sector (Collection of Data) Act 2001

I, Charles Watts Littrell, a delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

  • REVOKE the Reporting Standard ARS 320.2 (2005) Equity Securities Held; and

  • DETERMINE the Reporting standard ARS 320.2 Equity Securities Held in the form set out in the Schedule, which applies to the financial sector entities referred to in paragraph 2of the reporting standard.

Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities on the later of 1 July 2006 and the date of registration on the Federal Register of Legislative Instruments.

Dated  26 June 2006

[signed]

Charles Littrell

Executive General Manager

Policy, Research and Statistics

APRA

Interpretation

In this Determination

APRA means the Australian Prudential Regulation Authority.

Schedule    

Reporting standard ARS 320.2 Equity Securities Held comprises 23 pages commencing on the next page.

Reporting Standard ARS 320.2

Equity Securities Held

Objective of this reporting standard

This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires all banks and special service providers, including those that are foreign authorised deposit-taking institutions operating in Australia through branch operations, to report to APRA, generally on a quarterly basis, in relation to equity securities held.

This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with Form ARF 320.2 Equity Securities Held and the associated instructions (both of which are attached and form part of this reporting standard).

Purpose

  1. Data collected in Form ARF 320.2 Equity Securities Held (Form ARF 320.2) is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia and the Australian Bureau of Statistics.

Application

  1. This reporting standard applies to all banks and special service providers (including, in each case, those that are foreign authorised deposit-taking institutions (ADIs)).

Information required

  1. A relevant ADI must provide APRA with the information required by Form ARF 320.2 for each reporting period.

Forms and method of submission

  1. The information required by this reporting standard must be given to APRA either:

(a)in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application; or

(b)manually completed on paper, which must be faxed or mailed to APRA’s head office.

Note: the Direct to APRA application software and paper forms may be obtained from APRA.

Reporting periods and due dates

  1. Subject to paragraph 6, a relevant ADI must provide the information required by this reporting standard for each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.

  1. APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, to require it to provide the information required by this reporting standard more frequently, or less frequently, having regard to:

(a)the particular circumstances of the ADI;

(b)the extent to which the information is required for the purposes of the prudential supervision of the ADI; and

(c)the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.

  1. The information required by this reporting standard must be provided to APRA by 20 business days after the end of the reporting period to which it relates.

  1. APRA may grant an ADI an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.

Authorisation

  1. All information provided by an ADI under this reporting standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.

  1. If an ADI submits information under this reporting standard using the ‘Direct to APRA’ software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant data. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the data to APRA.

  1. If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:

(a)the Principal Executive Officer of the ADI; or

(b)the Chief Financial Officer of the ADI (whatever his or her official title may be).

Minor alterations to forms and instructions

  1. APRA may make minor variations to:

(a)a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or

(b)the instructions to a form, to clarify their application to the form

without changing any substantive requirement in the form or instructions.

  1. If APRA makes such a variation it must notify in writing each ADI that is required to report under this reporting standard.

Transitional

  1. An ADI must report under the old reporting standard in respect of a transitional reporting period. For these purposes:

old reporting standard means the reporting standard revoked in the determination making this reporting standard (being the reporting standard which this reporting standard replaces).

transitional reporting period means a reporting period under the old reporting standard:

(a)which ended before the date of revocation of the old reporting standard; and

(b)in relation to which the ADI was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.

Interpretation - classifications of ADIs

  1. In this reporting standard:

ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.

ADI list means the attached ADI list.

bank means an ADI whose name appears under the heading ‘Australian-owned Banks’, ‘Foreign Subsidiary Banks’ or ‘Branches of Foreign Banks’ in the ADI list.

foreign ADI means an ADI that is not incorporated in Australia.

relevant ADI means an ADI covered by paragraph 2 of this reporting standard.

special service provider means an ADI whose name appears under the heading ‘Other ADIs’ in the ADI list (other than Cairns Penny Savings & Loans Ltd).

  1. If an ADI is not on the ADI list, then if the ADI assumes or uses the word ‘bank’ in relation to its financial business, it is taken to be a bank for the purposes of this reporting standard.

  1. APRA may in writing determine that an ADI is taken to be a bank or special service provider for the purposes of this reporting standard (even if, under paragraph 15 or 16, it comes within a different classification)

Interpretation - other definitions

  1. In this reporting standard:

business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.

Principal Executive Officer means the principal executive officer of the ADI for the time being, by whatever name called, and whether or not he or she is a member of the governing board of the entity.

reporting period means a reporting period under paragraph 5 or, if applicable, paragraph 6.

The ADI list

Australian-owned Banks

  • Adelaide Bank Limited

  • AMP Bank Limited

  • Australia and New Zealand Banking Group Limited

  • Bank of Queensland Limited

  • Bendigo Bank Limited

  • Commonwealth Bank of Australia

  • Commonwealth Development Bank of Australia Limited (a subsidiary of Commonwealth Bank of Australia)

  • Elders Rural Bank Limited

  • Macquarie Bank Limited

  • Members Equity Bank Pty Limited

  • National Australia Bank Limited

  • St George Bank Limited

  • Suncorp-Metway Limited

  • Westpac Banking Corporation

Foreign Subsidiary Banks

  • Arab Bank Australia Limited

  • Bank of China (Australia) Limited

  • Bank of Cyprus Australia Pty Limited

  • BankWest (the trading name of Bank of Western Australia Limited, a foreign subsidiary bank following its sale to Bank of Scotland in December 1995)

  • Citigroup Pty Limited

  • HSBC Bank Australia Limited

  • ING Bank (Australia) Limited

  • Investec Bank (Australia) Limited

  • Laiki Bank (Australia) Limited

  • NM Rothschild & Sons (Australia) Limited

  • Rabobank Australia Limited (a subsidiary of Rabobank Nederland from October 1994)

Branches of Foreign Banks

  • ABN AMRO Bank N.V.

  • Bank of America, National Association

  • Bank of China (subject to depositor protection provisions of the Banking Act 1959)

  • Bank of Tokyo-Mitsubishi UFJ, Ltd

  • Barclays Capital (the trading name of Barclays Bank plc)

  • BNP Paribas

  • Citibank N.A.

  • Credit Suisse

  • Deutsche Bank AG

  • HBOS Treasury Services plc

  • HSBC Bank plc

  • ING Bank NV

  • JPMorgan Chase Bank, National Association

  • Mizuho Corporate Bank, Ltd

  • Oversea-Chinese Banking Corporation Limited

  • Rabobank Nederland (the trading name of Co-operative Central Raiffeisen-Boerenleenbank B.A.)

  • Royal Bank of Canada

  • Société Générale

  • Standard Chartered Bank

  • State Bank of India

  • State Street Bank and Trust Company

  • The International Commercial Bank of China

  • The Royal Bank of Scotland Plc

  • The Toronto-Dominion Bank

  • Taiwan Business Bank

  • UBS AG

  • United Overseas Bank Limited

  • WestLB AG

Building Societies

  • ABS Building Society Ltd

  • B & E Ltd

  • Greater Building Society Ltd

  • Heritage Building Society Limited

  • Home Building Society Ltd

  • Hume Building Society Ltd

  • IMB Ltd

  • Lifeplan Australia Building Society Limited

  • Mackay Permanent Building Society Ltd

  • Maitland Mutual Building Society Limited

  • Newcastle Permanent Building Society Ltd

  • Pioneer Permanent Building Society Limited

  • The Rock Building Society Limited

  • Wide Bay Australia Ltd

Credit Unions

  • Alliance One Credit Union Ltd

  • AMP Employees' & Agents Credit Union Limited

  • Austral Credit Union Limited

  • Australian Central Credit Union Limited

  • Australian Country Credit Union Ltd (trading as Reliance Credit Union)

  • Australian Defence Credit Union Ltd

  • AWA Credit Union Limited

  • Bananacoast Community Credit Union Ltd

  • Bankstown City Credit Union Ltd

  • Berrima District Credit Union Ltd

  • Big Sky Credit Union Ltd

  • Blue Mountains and Riverlands Community Credit Union Ltd

  • Broadway Credit Union Ltd

  • Calare Credit Union Ltd

  • CAPE Credit Union Limited

  • Capital Credit Union Ltd

  • Capricornia Credit Union Ltd

  • Carboy (SA) Credit Union Limited

  • Central Murray Credit Union Limited

  • Central West Credit Union Limited

  • Circle Credit Co-operative Limited

  • Coastline Credit Union Limited

  • Collie Miners Credit Union Ltd

  • Community Alliance Credit Union Limited

  • Community CPS Australia Limited

  • Community First Credit Union Limited

  • Companion Credit Union Limited

  • Comtax Credit Union Limited

  • Connect Credit Union of Tasmania Limited

  • Country First Credit Union Ltd

  • CPS Credit Union Co-operative (ACT) Limited

  • Credit Union Australia Ltd

  • Credit Union Incitec Pivot Limited

  • Croatian Community Credit Union Limited

  • CSR and Rinker Employees Credit Union Limited

  • Dairy Farmers Credit Union Ltd

  • Defence Force Credit Union Limited

  • Discovery Credit Union Ltd

  • Dnister Ukrainian Credit Co-operative Limited

  • ELCOM Credit Union Ltd

  • Electricity Credit Union Ltd

  • Encompass Credit Union Limited

  • Ericsson Employees Credit Co-operative Limited

  • Esso Employees' Credit Union Ltd

  • Eurobodalla Credit Union Ltd

  • Family First Credit Union Limited

  • Fire Brigades Employees' Credit Union Limited

  • Fire Service Credit Union Limited

  • Firefighters & Affiliates Credit Co-operative Limited

  • First Option Credit Union Limited

  • First Pacific Credit Union Limited

  • Fitzroy & Carlton Community Credit Co-operative Limited

  • Ford Co-operative Credit Society Limited

  • Gateway Credit Union Ltd

  • Geelong & District Credit Co-operative Society Limited

  • GMH (Employees) Q.W.L. Credit Co-operative Limited

  • Goldfields Credit Union Ltd

  • Gosford City Credit Union Ltd

  • Goulburn Murray Credit Union Co-operative Limited

  • H.M.C. Staff Credit Union Ltd

  • Heritage Isle Credit Union Limited

  • Hibernian Credit Union Limited

  • Holiday Coast Credit Union Ltd

  • Horizon Credit Union Ltd

  • Hoverla Ukrainian Credit Co-operative Ltd

  • Hunter Mutual Limited

  • Hunter United Employees' Credit Union Limited

  • Industries Mutual Credit Union Limited

  • Intech Credit Union Limited

  • Island State Credit Union Ltd

  • Karpaty Ukrainian Credit Union Limited

  • La Trobe Country Credit Co-operative Limited

  • La Trobe University Credit Union Co-operative Limited

  • Laboratories Credit Union Ltd

  • Latvian Australian Credit Co-operative Society Limited

  • Lithuanian Co-operative Society (Talka) Limited

  • Lysaght Credit Union Ltd

  • MacArthur Credit Union Ltd

  • Macaulay Community Credit Co-operative Limited

  • Macquarie Credit Union Limited

  • Maleny and District Community Credit Union Limited

  • Manly Warringah Credit Union Ltd

  • Maritime Workers of Australia Credit Union Ltd

  • Maroondah Credit Union Ltd

  • MECU Limited

  • Melbourne University Credit Union Limited

  • Memberfirst Credit Union Limited

  • New England Credit Union Ltd

  • Newcom Colliery Employees' Credit Union Ltd

  • Northern Inland Credit Union Ltd

  • Nova Credit Union Limited

  • NSW Teachers Credit Union Ltd

  • Old Gold Credit Union Co-operative Limited

  • Orana Credit Union Ltd

  • Orange Credit Union Limited

  • Phoenix (NSW) Credit Union Ltd

  • Plenty Credit Co-operative Limited

  • Police & Nurses Credit Society Limited

  • Police Association Credit Co-operative Limited

  • Police Credit Union Limited

  • Polish Community Credit Union Ltd

  • Power Credit Union Limited

  • Powerstate Credit Union Ltd

  • Pulse Credit Union Limited

  • Qantas Staff Credit Union Limited

  • Queensland Community Credit Union Limited

  • Queensland Country Credit Union Ltd

  • Queensland Police Credit Union Limited

  • Queensland Professional Credit Union Ltd

  • Queensland Teachers' Credit Union Limited

  • Queenslanders Credit Union Limited

  • Railways Credit Union Limited

  • RegionalOne Credit Union Limited

  • Resources Credit Union Limited

  • RTA Staff Credit Union Limited

  • Satisfac Direct Credit Union Limited

  • Savings and Loans Credit Union (S.A.) Ltd

  • Security Credit Union Ltd

  • Select Credit Union Ltd

  • Service One Credit Union Ltd

  • SGE Credit Union Limited

  • Shell Employees' Credit Union Limited

  • South West Slopes Credit Union Ltd

  • Southern Cross Credit Union Limited

  • South-West Credit Union Co-operative Limited

  • St Mary's Swan Hill Co-operative Credit Society Limited

  • St Patrick's Mentone Co-operative Credit Society Limited

  • Statewest Credit Society Limited

  • Sutherland Credit Union Ltd

  • Sutherland Shire Council Employees' Credit Union Ltd

  • Sydney Credit Union Ltd

  • Tartan Credit Union Ltd

  • The Broken Hill Community Credit Union Ltd

  • The Gympie Credit Union Ltd

  • The Police Department Employees' Credit Union Limited

  • The Summerland Credit Union Limited

  • The TAFE and Community Credit Union Limited

  • The University Credit Society Limited

  • Traditional Credit Union Limited

  • TransComm Credit Co-operative Limited

  • Uni Credit Union Ltd

  • United Credit Union Limited

  • Victoria Teachers Credit Union Limited

  • Wagga Mutual Credit Union Ltd

  • Warwick Credit Union Ltd

  • WAW Credit Union Co-operative Limited

  • Westax Credit Society Ltd

  • Western City Credit Union Ltd

  • Woolworths/Safeway Employees' Credit Co-operative Limited

  • Wyong Council Credit Union Ltd

  • Yennora Credit Union Ltd

Specialist Credit Card Institutions (SCCIs)

Foreign-owned SCCIs

  • GE Capital Finance Australia

  • GE Finance Australasia Pty Ltd

Locally Incorporated SCCIs

  • MoneySwitch Limited

Other ADIs

These companies are run by industry bodies and provide services (eg payments clearing) to member building societies and credit unions.

  • Australian Settlements Limited

  • Credit Union Services Corporation (Australia) Limited

  • Indue Ltd

One ADI that provides general banking services which does not fall into the other categories.

  • Cairns Penny Savings & Loans Limited

Authorised Non-Operating Holding Companies

  • HBOS Australia Pty Ltd

Reporting Form ARF 320.2

Equity Securities Held

Instruction Guide

General directions and notes

Reporting entity

This form is to be completed by all locally incorporated banks, Foreign authorised deposit-taking institutions (ADIs) and Special Service Providers (SSPs) on a Domestic books basis.

The Domestic books of the locally incorporated banks, foreign ADIs and SSPs relates to the Australian books of the Australian ADI and has the following scope:

  • is an unconsolidated report of the Australian licensed ADI's operations/transactions that are booked inside Australia;

  • exclude offshore branches of the Australian licensed ADI from this reporting unit;

  • exclude offshore banking units based overseas from this reporting unit;

  • do not consolidate Australian and offshore controlled entities or associated entities that are not ADIs;

  • include Australian based offshore banking units of the licensed ADI; and

  • include transactions with non-residents recorded on Australian books.

Securitisation deconsolidation principle

Except where stated otherwise on this form, reporting entities must treat any securitisation program special purpose vehicles (SPVs) in which the ADI (or a member of its consolidated group) participates in accordance with APRA’s clean sale and separation requirements as non-consolidated independent third parties. As a result, for reporting purposes all assets, liabilities, revenues and expenses of these SPVs must be excluded from the ADI’s reported amounts. Where relevant, report on this form any exposure to or other transaction between the ADI and any such SPV as if such transaction was conducted with an independent third party, regardless of whether the SPV or its assets is consolidated for accounting purposes.

APRA's clean sale and separation requirements are set out in APS 120 Funds Management and Securitisation and related Guidance Notes AGN 120.3 Purchase and Supply of Assets (including Securities Issued by SPVs) and AGN 120.1 Disclosure and Separation. Whenever the clean sale and separation requirements are not met, all the assets, liabilities, revenues and expenses of the SPV are to be consolidated with the ADI’s reported amounts.

Reporting period

The form is to be completed as at the last day of the stated reporting quarter. Net purchases should be reported for the three months ending the last day of the stated reporting quarter. Locally incorporated banks, foreign ADIs and SSPs should submit the completed form to APRA within 20 business days after the end of the relevant reporting quarter.

Unit of measurement

Banks are asked to complete the form in millions of Australian dollars rounded to one decimal place. SSPs are asked to complete the form in whole Australian dollars (no decimal place).  

Amounts denominated in foreign currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).

The general requirements of AASB 121 for translation are:

  1. foreign currency monetary items outstanding at the reporting date must be translated at the spot rate at the reporting date;[1]

    [1]           Monetary items are defined to mean units of currency held and assets and liabilities to be received or paid in a fixed or determinable number of units of currency. Spot rate means the exchange rate for immediate delivery.

  1. foreign currency non-monetary items that are measured at historical cost in a foreign currency must be translated using the exchange rate at the date of the transaction;[2]

    Examples of non-monetary items include amounts prepaid for goods and services (e.g. prepaid rent); goodwill; intangible assets; physical assets; and provisions that are to be settled by the delivery of a non-monetary asset.

  1. foreign currency non-monetary items that are measured at fair value will be translated at the exchange rate at the date when fair value was determined.

Transactions arising under foreign currency derivative contracts at the reporting date must be prepared in accordance with AASB 139 Financial Instruments: Recognition and Measurement (AASB 139).  However, those foreign currency derivatives that are not within the scope of AASB 139 (e.g. some foreign currency derivatives that are embedded in other contracts) remain within the scope of AASB 121.

For APRA purposes equity items must be translated using the foreign currency exchange rate at the date of investment or acquisition. Post acquisition changes in equity are required to be translated on the date of the movement.

As foreign currency derivatives are measured at fair value, the currency derivative contracts are translated at the spot rate at the reporting date.

Exchange differences should be recognised in profit and loss in the period which they arise. For foreign currency derivatives, the exchange differences would be recognised immediately in profit and loss if the hedging instrument is a fair value hedge. For derivatives used in a cash flow hedge, the exchange differences should be recognised directly in equity.

The ineffective portion of the exchange differences in all hedges would be recognised in profit and loss; and

  1. translation of financial reports of foreign operations.

A foreign operation is defined in AASB 121 as meaning an entity that is a subsidiary, associate, joint venture or branch of a reporting entity, the activities of which are based or conducted in a country or currency other than those of the reporting entity.

·Exchange differences relating to foreign currency monetary items that form part of the net investment of an entity in a foreign operation, must be recognised as a separate component of equity.

·Translation of financial reports should otherwise follow the requirements in AASB 121.

Timing

Report assets and liabilities, and transactions in assets and liabilities as at the date of change of ownership.

Netting

Unless otherwise specifically stated, institutions are to comply with the prerequisite for netting outlined in Australian accounting standards AASB 139, AASB 7 Financial Instruments: Disclosures and AASB 132 Financial Instruments: Disclosure and Presentation and any relevant prudential standards.

Term to maturity

References to term to maturity in this form are references to original term to maturity.

Valuation and currency conversion

Closing balances should be reported at market price effective at the reference date.  Where denominated in foreign currency, market values in foreign currency should be converted to AUD at the spot rate effective as at the reference date.

For holdings of shares in unlisted companies, if a market price is not available as at the reference date, estimate the market price of your shares by using one of the following methods:

  • a recent transaction price;

  • director's valuation; or

  • net asset value (net asset value is equal to total assets, including intangibles, less non-equity liabilities and less the paid up value of non-voting shares.  Assets and liabilities should be recorded at estimated market value, rather than historical values).

Net purchases is the net result of dealing in the securities, i.e. purchases less sales.  Transactions should be reported at the transaction price in AUD, converted at the appropriate spot rate at the time of the transaction, before the addition or subtraction of transaction costs such as brokerage. 

Basis of preparation

Unless otherwise specifically stated, institutions are to comply with Australian accounting standards regarding the measurement of asset, liability and equity items.

Specific instructions

Refer to the sector definitions in the ARF 320.0 Statement of Financial Position (Domestic Books) (ARF 320.0) instructions as a general guide for reporting by sector.  Equity investments in the parent entity, controlled entities, associates or joint ventures should be reported to the sector classification of this related entity.

Shares and units listed on ASX and issued by residents

Report all trading securities, investment securities and other equity securities listed on the Australian Stock Exchange (ASX) at market value.  Report the net transactions during the quarter by sector of issuer (excluding transactions via repurchase/stock lending agreements).

Include:

  • ordinary shares;

  • units in trusts;

  • preference shares;

  • strategic investment in the equity securities of entities that are deemed to be controlled entities, associates or joint ventures and are listed on the ASX;

  • securities (stock) lent or sold under repurchase agreements (these amounts should be reported in ARF 320.5 Securities subject to Repurchase and Resale and Stock Lending and Borrowing (ARF 320.5)); and

  • short sold positions as a negative asset against the appropriate equity security item.

Exclude:

  • convertible notes prior to conversion;

  • rights, options and warrants, include these as ‘Financial Derivatives’ on ARF 320.6 Financial Derivatives (ARF 320.6);

  • equity in non-resident companies listed on the ASX, include this asset as unlisted equity; and

  • securities borrowed or purchased under resale agreements (these amounts should be reported in ARF 320.5).

Shares and units not listed on ASX

Report all trading securities, investment securities and all other equity investments at market value (or fair valuation).  Report the net transactions during the quarter by sector of issuer (excluding transactions via repurchase/stock lending agreements). 

Include:

  • ordinary shares;

  • units in trusts;

  • preference shares;

  • equity in non-resident companies listed on the ASX;

  • equity in non-resident companies listed on overseas stock exchanges;

  • equity in unlisted companies, domestic and overseas;

  • strategic investment in the equity securities of entities that are deemed to be controlled entities, associates or joint ventures and are not listed on the ASX; and

  • securities lent or sold under repurchase agreements (these amounts should be reported in ARF 320.5).

Exclude:

  • convertible notes prior to conversion;

  • rights, options and warrants, include these as ‘Financial Derivatives’ on ARF 320.6; and

  • securities borrowed or purchased under resale agreements (these amounts should be reported in ARF 320.5).

Reconciliation with ARF 320.0

Total equity securities held (market value)

The sum of:

  • total listed equities (ARF 320.2 Equity Securities Held) (ARF 320.2); and

  • total unlisted equities (ARF 320.2)

equals

the sum of:

  • trading securities - equity securities (ARF 320.0);

  • investment securities - equity securities (ARF 320.0) adjusted from book value to market value; and

  • total other investments that are equity investments (ARF 320.0) adjusted from book value to market value.


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