Entire Section

  • PIN 8.2 PIN 8.2 Adequacy of capital resources of the group

    [Deleted] RM46/2007 (Made 5th July 2007). [VER6/07-07]

    • PIN 8.2.1

      The DFSA may, by written notice, require an Insurer to provide the DFSA with a statement of the consolidated financial position of any Group of which the Insurer is a member, made up as at a date specified by the DFSA in that notice and in accordance with principles stated by the DFSA in the notice.


      Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
      [Deleted] RM46/2007 (Made 5th July 2007). [VER6/07-07]

    • PIN 8.2.2 PIN 8.2.2

      An Insurer receiving a notice under PIN Rule 8.2.1 shall have not less than three months to comply with the notice.

      Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
      [Deleted] RM46/2007 (Made 5th July 2007). [VER6/07-07]

  • PIN 8.2.2 Guidance

    An Insurer will normally be permitted to comply with a notice given under PIN Rule 8.2.1 by presenting a copy of a statement, relating to the Group specified in the notice, made up in compliance with an equivalent or substantially equivalent regulatory requirement to which the Insurer or a Subsidiary or Associate of the Insurer is subject in a jurisdiction other than the DIFC. If that statement is not in English, the Insurer will be required to provide a certified translation of the statement into English.


    Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
    [Deleted] RM46/2007 (Made 5th July 2007). [VER6/07-07]