PIN A7.5.3

The DFSA may at its discretion permit an Insurer to apply PIN Rule A7.5.2 as though the figure of 15% was replaced with a higher figure approved in writing by the DFSA. The approved figure may not be more than the actual percentage which the fund hybrid capital represents of adjusted fund equity, and may not in any case exceed 30%.

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