CAPI 2.1.1 Financial resources—general requirement
(1) A firm that is a QFC captive insurer must have, at all times, financial resources of the kinds and amounts required by, and calculated in accordance with, this chapter.
(2) A firm must also have, at all times, additional financial resources that are adequate for the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due.
(3) A firm must have systems and controls to enable it—
(a) to monitor its minimum capital and solvency requirements; and
(b) to show, at all times, whether it complies with this part.
|Derived from QFCRA RM/2011-1 (as from 1st July 2011)|