RULE 31-THE SECURITIES (SPECIFICATION OF APPROVED ASSETS, LIQUID ASSETS AND
RANKING LIABILITIES) NOTICE
Notice by the Securities and Exchange Commission
- This Notice may be cited as the Securities (Specification of Approved Assets, Liquid Assets and
Ranking Liabilities) Notice. - In this Notice, unless the context otherwise requires-
“licensed bank” means a bank registered under the Banking Act or licensed or registered under any Act
amending or replacing that Act;
“the Rules” means the Securities (Accounting and Financial Requirements) Rules, 1993