PIN 6.6.2

(1) The Financial Group Capital Adequacy Report must be filed in writing by the Insurer with the DFSA:
(a) within four months of the Insurer's reporting date in the case of a report at the end of a reporting period; or
(b) within one month of the Insurer's mid-year date in the case of a report at the mid-point of a reporting period.
(2) The Financial Group Capital Adequacy Report must state:
(a) the name of the Insurer;
(b) the reference date of the report;
(c) the name, location and activity of the Parent entity of the Financial Group in respect of which the report is made;
(d) the Financial Group Capital Resources, calculated in accordance with PIN Rule 8.3.4;
(e) the Financial Group Capital Requirement, calculated in accordance with PIN Rule 8.3.3;
(f) the amount of surplus or deficit, expressed as the amount in (d) minus the amount in (e);
(g) a list of all Authorised Firms and Financial Institutions in the Financial Group;
(h) if any Authorised Firm in the Financial Group is itself a Parent, the items referred to in (d), (e) and (f) in respect of the Financial Group headed by that Authorised Firm; and
(i) particulars of any Authorised Firm or Financial Institution in the Financial Group in respect of which the capital requirement calculated in accordance with PIN Rule 8.3.3 exceeds its Capital Resources or Adjusted Capital Resources calculated in accordance with PIN Rule 8.3.4(1)(b).
(3) Amounts in the Financial Group Capital Adequacy Report must be expressed in thousands of dollars.
(4) The Financial Group Capital Adequacy Report must be signed by:
(a) the Persons specified in PIN Rule 6.5.3 in the case of a report at the end of a reporting period; or
(b) the Persons specified in PIN Rule 6.5.9 in the case of a report at the mid-point of a reporting period.
(5) The Financial Group Capital Adequacy Report must be accompanied by a statement by the Insurer's auditor, made in writing to the directors of the Insurer and to the DFSA, and stating whether any significant matter has come to the attention of the auditor to indicate that the report has not been properly compiled in accordance with the requirements of this section, from information provided to the Insurer by other members of the Financial Group and from the Insurer's own records.
[Added] RM46/2007 (Made 5th July 2007). [VER6/07-07]
[Amended] DFSA RM54/2007 (Made 1st December 2007). [VER9/12-07]
[Amended] DFSA RM136/2014 (Made 21st August 2014). [VER14/06-14]