PIN A4.3.2 PIN A4.3.2
Insurerarranges its affairs such that its Invested Assetsare held in a related entity, the Insurermay, with the written approval of the DFSA, calculate components of its Minimum Capital Requirementby reference to the Insurer'sinterest in the assets that are held by the related entity, instead of by reference to the interest that the Insurerhas in that related entity. In that case this appendix shall be interpreted as though the assets (representing the Insurer'sinterest) held by the related entity were held directly by the Insurer.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
Insurerswhose investments are managed on a pooled basis within a Group, or which establish specialist Subsidiariesto manage their investments. While the Insurer'sasset in such cases is a balance with, or investment in, a related entity, this rule permits the Insurerto 'look through' the corporate arrangement and apply this appendix to the assets of the related entity as though they were the Insurer'sown.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]