PINS 8.4.1 Recognition of assets and liabilities

An insurer must, except where this Chapter provides otherwise, recognise its assets and liabilities in accordance with a basis of accounting set out in PINS Rule 8.4.2, and the values attributed to those assets and liabilities must be measured in accordance with that basis of accounting.

Amended by QFCRA RM/2015-3 (as from 1st January 2016).