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Dubai Financial Services Authority (DFSA): Contents

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

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PIN A5.7.1

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 A5.7.3 and PIN A5.7.4, the base cellular capital in respect of a CellG consists of the following capital instruments and equity reserves that are attributable to that CellG :

(a) paid-up Cell SharesG , except for shares referred to in PIN Rule A5.10.1(d);
(b) general reserves;
(c) in the Insurance FundG of a Takaful InsurerG , where the Insurance FundG is attributable to the CellG , 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 cellular capital (as defined in PIN Rule A5.10.1).

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