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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Insurance Business Module (PIN) [VER15/01-18]
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  • PIN A4.3 Applicability of components to assets of the insurer

    • PIN A4.3.1

      Subject to PIN Rule A4.3.2, an InsurerG must calculate those components of its Minimum Capital RequirementG that are relevant to assets, in respect of every asset that is owned by the InsurerG and that is available to meet the liabilities of the InsurerG .


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

    • PIN A4.3.2

      Where an InsurerG arranges its affairs such that its Invested AssetsG are held in a related entity, the InsurerG may, with the written approval of the DFSAG , calculate components of its Minimum Capital RequirementG by reference to the Insurer'sG interest in the assets that are held by the related entity, instead of by reference to the interest that the InsurerG has in that related entity. In that case this appendix shall be interpreted as though the assets (representing the Insurer'sG interest) held by the related entity were held directly by the InsurerG .

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

      • PIN A4.3.2 Guidance

        The effect of PIN Rule A4.3.2 is to provide flexibility for InsurersG whose investments are managed on a pooled basis within a GroupG , or which establish specialist SubsidiariesG to manage their investments. While the Insurer'sG asset in such cases is a balance with, or investment in, a related entity, this rule permits the InsurerG to 'look through' the corporate arrangement and apply this appendix to the assets of the related entity as though they were the Insurer'sG own.


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