PINS 3.8.1 Approval by Regulatory Authority
The Regulatory Authority may, by written notice, allow an insurer to use its own internal model:
(a) to calculate its risk-based capital requirement; or
(b) to replace a component or components of its investment risk requirement, insurance risk requirement and operational risk requirement.
|Amended by QFCRA RM/2013-1 (as from 1st January 2015).|