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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Prudential — Insurance Business Module (PIN) [VER15/01-18]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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(2 versions)
Up to Sep 30 2007Oct 1 2007 onwards

PIN A3.3.1

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

Subject to Rules PIN A3.3.2, PIN A3.3.3 and PIN A3.3.4, an Insurer'sG base capital consists of the following capital instruments and equity reserves of the InsurerG :

(a) paid-up ordinary shares, except for shares referred to in PIN Rule A3.5.1(d);
(b) general reserves;
(c) in the Insurance FundG of a Takaful InsurerG , amounts provided from the Owners' EquityG by loan to the Insurance FundG and not repaid as at the Solvency Reference DateG ;
(d) retained earnings;
(e) current year's earnings after tax; and
(f) hybrid capital, as defined in PIN Rule A3.5.1.

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM50/2007 (Made 1st October 2007). [VER7/10-07]