CAPI 8.2.3 Effect of deeming

(1) A firm that is taken to constitute a single long term insurance fund under rule 8.2.1 (b) is taken to have established a long term insurance fund for the purpose of attributing all of the assets and liabilities of the firm.
(2) A cell that is taken to constitute a single long term insurance fund under rule 8.2.2 (b) is taken to have established a long term insurance fund for the purpose of attributing all of the assets and liabilities of the cell.
Derived from QFCRA RM/2011-1 (as from 1st July 2011)