PINS 10.1.2 Purpose of ch 10

This Chapter imposes additional requirements on an insurer that is a member of a group to ensure that:

(a) the insurer is capitalised adequately to protect itself against the risks arising from its membership of the group, and is otherwise protected against those risks;
(b) it can be properly supervised by the Regulatory Authority;
(c) it provides the authority with information about the structure and financial position of the group; and
(d) it assesses the effect of, and notifies the authority of, certain transactions within the group.
Amended by QFCRA RM/2013-1 and Editorial changes (as from 1st January 2015).