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Dubai Financial Services Authority (DFSA): Contents

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PIN A5.5 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.

1. This section acts to limit hybrid non-cellular capital to 15% of an Insurer'sG adjusted non-cellular equity.
2. The purpose of the hybrid non-cellular capital adjustment is to limit the extent to which an InsurerG may rely for its Adjusted Non-Cellular Capital ResourcesG on instruments that do not or may not constitute permanent capital of the InsurerG . Such instruments include share capital contributed by a Holding CompanyG , where the Holding Company'sG investment is financed by debt rather than by its own capital.

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]