PINS 4.8.3 Notice to be given of proposed reduction of tier 2 capital

An insurer must notify the Regulatory Authority of its intention to reduce its tier 2 capital at least 6 months before the actual date of the proposed reduction, providing details of how it will meet its minimum capital requirement after the proposed reduction.

Amended by QFCRA RM 2019-1 (as from 28th March 2019).