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Dubai Financial Services Authority (DFSA): Contents

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PIN A5.10 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 cellular capital to 15% of an Insurer'sG adjusted cellular equity in respect of a CellG .
2. The purpose of the hybrid cellular capital adjustment is to limit the extent to which an InsurerG may rely for its Adjusted Cellular Capital ResourcesG in respect of a CellG on instruments that do not or may not constitute permanent capital of that CellG . Such instruments include share capital contributed by an investor where the investor's investment in the CellG is financed by debt rather than by the investor's own capital.

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