PINS 8.1.5 Use of derivatives

(1) An insurer must not use a derivative instrument for speculation or proprietary trading.
(2) An insurer may use a derivative instrument:
(a) to mitigate or reduce financial risks;
(b) for sound hedging; or
(c) for efficient portfolio management.
Inserted by QFCRA RM/2013-1 (as from 1st January 2015).