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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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  • PIN 8.3.4

    (1) An Insurer must calculate its Financial Group Capital Requirement as the sum of the entity requirements calculated in accordance with (2) and (3);
    (2) Entity requirements for this purpose are:
    (a) an Authorised Firm's Capital Requirement or Minimum Capital Requirement calculated in accordance with the requirements of whichever of the PIB or PIN Module applies to that Authorised Firm;
    (b) in the case of regulated entities supervised by a regulator other than the DFSA, then, with the written agreement of the DFSA, the capital requirement of that entity; and
    (c) for other entities in the Financial Group, a notional capital requirement calculated as directed by the DFSA .
    (3) Where an Authorised Firm's Financial Group includes an entity under (c) of the definition of Financial Group in the GLO Module, that Financial Institution's capital requirement is included on a proportionate basis.
    [Added] RM46/2007 (Made 5th July 2007). [VER6/07-07]