The OECD is seeking public comments on the regulated financial services exclusion which will exclude from the scope of amount A the revenues and profits from regulated financial institutions. The defining character of this sector is that it is subject to a unique form of regulation, in the form of capital adequacy requirements, that reflect the risks taken on and borne by the entity. The scope of the exclusion derives from that requirement, meaning that entities that are subject to specific capital measures are excluded from amount A. The consultation closes on Friday 20 May 2022.
The OECD is seeking public comments on the regulated financial services exclusion which will exclude from the scope of amount A the revenues and profits from regulated financial institutions. The defining character of this sector is that it is subject to a unique form of regulation, in the form of capital adequacy requirements, that reflect the risks taken on and borne by the entity. The scope of the exclusion derives from that requirement, meaning that entities that are subject to specific capital measures are excluded from amount A. The consultation closes on Friday 20 May 2022.
