Dubai Financial Services Authority (DFSA)
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PIN 6.2 Annual regulatory return
PIN 6.2.1
An InsurerG must, at the end of each reporting period, prepare an Annual Regulatory ReturnG .
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]PIN 6.2.2
The Annual Regulatory ReturnG must comprise the statements set out in PIN App10, together with any Supplementary NotesG pertaining to those forms, and including a Statement by DirectorsG .
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended][VER3/08-06]
[Amended] DFSA RM44/2007 (Made 1st June 2007). [VER5/06-07]PIN 6.2.3
The form and content of the statements comprising the Annual Regulatory ReturnG (including the Statement by DirectorsG ) is set out in PIN App10, PRU and the DFSA's electronic prudential reporting system.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended][VER3/08-06]
[Amended] DFSA RM44/2007 (Made 1st June 2007). [VER5/06-07]
[Amended] DFSA RM51/2007 (Made 1st November 2007). [VER8/11-07]PIN 6.2.3 Guidance
The Returns and instructional guidelines are provided in PIN App10, PRU and the DFSA'sG electronic prudential reporting system.
[Added] DFSA RM51/2007 (Made 1st November 2007). [VER8/11-07]PIN 6.2.4
Where an InsurerG includes in its Annual Regulatory ReturnG a value for General Insurance LiabilitiesG or for assets associated with those liabilities which is inconsistent with the amount referred to in PIN Rule 7.2.4 (b), the InsurerG must notify the DFSAG in writing of:
(a) the reasons for not including in its Annual Regulatory ReturnG the value of General Insurance LiabilitiesG or of associated assets as reported by the ActuaryG ; and(b) details of the alternative assumptions and methodologies used for determining the value of General Insurance LiabilitiesG or of associated assets.Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]PIN 6.2.4 Guidance
Assets that are associated with Insurance LiabilitiesG will predominantly be reinsurance recoveries, which are reported as assets in accordance with widely accepted accounting practice. Assets representing salvage or subrogation recoveries may also be associated with Insurance LiabilitiesG .
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]PIN 6.2.5
Where an InsurerG includes in its Annual Regulatory ReturnG a value for Long-Term Insurance LiabilitiesG which is inconsistent with the amount referred to in PIN Rule 7.3.6 (b), the InsurerG must notify the DFSAG in writing of:
(a) the reasons for not including in its Annual Regulatory ReturnG the value of Long-Term Insurance LiabilitiesG as reported by the ActuaryG ; and(b) details of the alternative assumptions and methods used by the InsurerG for determining the value of Long-Term Insurance LiabilitiesG .
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
