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PIN A7.2.1

An Insurer must calculate the Adjusted Fund Capital Resources in respect of each Long-Term Insurance Fund maintained by it, according to the formula:

AFCR = AFE – FHCA

where:

AFCR means the Adjusted Fund Capital Resources in respect of the fund;
AFE means the adjusted fund equity in respect of that fund; and
FHCA means the fund hybrid capital adjustment in respect of that fund.


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