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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Prudential — Insurance Business Module (PIN) [VER15/01-18]
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  Versions
(1 version)
 
Oct 1 2007 onwards

PIN 10.1.2 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.

It is the policy of the DFSAG that an Authorised ISPVG should be fully funded. The DFSAG considers that to be fully funded an ISPVG must have actually received the proceeds of the debt issuance or other mechanism by which it is financed. The DFSAG would not, for example, authorise an ISPVG where part of the financing for its reinsurance liabilities was on a contingent basis, i.e. a stand by facility or letter of credit.

[Added] DFSA RM48/2007 (Made 1st October 2007). [VER7/10-07]