PINS 1.2.2 Guidance

For rule 1.2.2 (2), the insurer's governing body should assess whether the minimum financial resources required by these rules are adequate for the firm's business. Additional financial resources should be maintained by the insurer if its governing body considers that the required minimum financial resources do not adequately reflect the risks of the firm's business.

Amended by QFCRA RM/2012-5 (as from 1st July 2013).