PINS A3.2.1 Asset risk component

(1) An insurer's asset risk component is the sum of the amounts obtained by multiplying the value of each asset of the insurer, graded according to the counterparty grade of the asset, by the percentage applicable to that asset, under:
(a) for assets that are not reinsurance assets — table A3.2.1A;
(b) for assets that are reinsurance assets where the reinsurer is subject to prudential supervision by a subrule (2) regulator — table A3.2.1B; or
(c) for assets that are reinsurance assets where the reinsurer is not subject to prudential supervision by a subrule (2) regulator — table A3.2.1C.
(2) A regulator is a subrule (2) regulator if it is located:
(a) in Qatar;
(b) in 1 of the member states of the European Union;
(c) in Australia, Canada, Hong Kong, Iceland, Japan, Norway, Singapore, Switzerland, the United States of America; or
(d) in any other jurisdiction that is a signatory to the Multilateral Memorandum of Understanding on Cooperation and Information Exchange initiated by the International Association of Insurance Supervisors.
Note 1 For the list of the member states of the European Union, see http://europa.eu/about-eu/countries/index_en.htm.

Note 2 For the list of signatories to the Multilateral Memorandum of Understanding on Cooperation and Information Exchange, see http://www.iaisweb.org/MMoU-signatories-605.
Amended by QFCRA RM/2013-1 and Editorial changes (as from 1st January 2015).