PINS 4.6.4 Inadmissible assets

For the purposes of the table in PINS Rule 4.2.2, inadmissible assets are:

(a) tangible fixed assets, including inventories, plant and equipment and vehicles;
(b) deferred acquisition costs;
(c) deferred tax assets;
(d) deficiencies of net assets in subsidiaries;
(e) [Deleted]
(f) any investment by a subsidiary of the insurer in the insurer's own shares; and
(g) holdings of other investments which are not readily realisable investments.
Amended by QFCRA RM/2013-1 and Editorial changes (as from 1st January 2015).