PIN A4.13 PIN A4.13 Asset management risk component
This section requires an
Insurerto set aside capital in respect of assets that it manages. The circumstances under which an Insurermay conduct asset management activities are restricted by COB.
Insurermust calculate its asset management risk component as 0.5% of the market value of assets managed by it.
Assets that are recognised as assets of the
Insurerin accordance with generally accepted accounting principles are not assets managed by it.