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2009
W 100/09 PIN — Zurich Insurance Company Ltd
Financial Markets Tribunal
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  • W 100/09 PIN — Zurich Insurance Company Ltd

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    WAIVER NOTICE

    To Zurich Insurance Company Ltd
    Address 6th Floor, East Wing
    The Gate Building
    P. O. Box 503809
    Dubai International Financial Centre
    Dubai
    United Arab Emirates
    DFSA Firm Reference No. F001079
    Notice No. W100/2009

    THE DFSA HEREBY GIVES NOTICE THAT:

    The Rules specified in the table herein do not apply to the above mentioned Person.

    RULES WAIVED

    Rulebook module Rule
    PIN Chapter 4 (Capital) Rules PIN 4.3.2–PIN 4.3.4 inclusive
    PIN Chapter 6 (Financial Reporting) PIN Rule 6.2.4
    PIN Chapter 7 (Actuaries) All Rules in PIN Chapter 7

    CONDITIONS

    The waivers in respect of the Rules specified above remain in effect on condition that Zurich Insurance Company Ltd and Zurich Financial Services Ltd forward to the DFSA annually copies of the Capital Resources Summary and Capital Adequacy Summary submitted to Swiss Financial Market Supervisory Authority (FINMA) within ten business days of their due date to FINMA.

    If the condition stated above is breached, this notice ceases to have effect forthwith and the Rules specified in the table herein apply to the above mentioned Person in the form set out in the applicable module of the Rulebook in force at the relevant time.

    EFFECTIVE PERIOD

    This notice comes into effect on the date of issue of this notice and remains in force until further notice.

    INTERPRETATION

    The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.

    Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

    THIS NOTICE WAS ISSUED UNDER ARTICLE 25 OF THE REGULATORY LAW 2004 BY:

    Name : Paul M. Koster
    Position : Chief Executive
    DATE OF ISSUE: 4th June 2009