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Financial Sector (Collection of Data) (reporting standard) determination No. 112 of 2023
PP
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P
| Prescribed capital amount | The prescribed capital amount for the fund is calculated as the sum of:Asset Risk Charge;Insurance Risk Charge;Aggregate risk charge for variable annuities;Asset Concentration Risk Charge;Operational Risk Charge;Combined Stress Scenario Adjustment; andadjustments to prescribed capital amount as approved by APRAless:aggregation benefit.The prescribed capital amount for a life company is subject to a minimum of $10 million, and will be automatically applied where the calculated sum of risk charge components is less than this amount. |
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