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Dubai Financial Services Authority (DFSA): Contents

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  Versions
(1 version)
 
Jul 5 2007 onwards

PIN 5.7.2 Guidance



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.

The impact of PIN Rule 5.7.2 is that an Insurer'sG capital resources are calculated on a basis consistent with the manner of calculation of Financial Group Capital ResourcesG , and that capital resources required to support the capital adequacy of GroupG companies are not used to support the individual capital adequacy of the InsurerG itself. The Insurer'sG capital adequacy calculation is therefore also an indication of the degree of capital adequacy of the Financial GroupG of which it is the ParentG . In this and other RulesG where reference is made to a ParentG for the purposes of calculating capital adequacy of a group of companies, generally, it is a reference to the ultimate ParentG within the group.

[Added] RM46/2007 (Made 5th July 2007). [VER6/07-07]