Question

What should be disclosed regarding assets required to be deposited under local laws?

a.

No disclosure is required for assets deposited under local laws

b.

Disclose the total value of assets deposited without details

c.

Disclose assets deposited under local laws, including details of the extent required to be deposited

d.

Disclose only the percentage of assets deposited under local laws

Answer: (c).Disclose assets deposited under local laws, including details of the extent required to be deposited Explanation:Assets to the extent required to be deposited under local laws should be disclosed, including details of the extent required to be deposited.

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Q. What should be disclosed regarding assets required to be deposited under local laws?

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