Financial Sector (Collection of Data) (reporting standard) determination No. 18 of 2009 - GRS 120.0_G (2009) - Determination of Capital Base
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 18 of 2009 - GRS 120.0_G (2009) - Determination of Capital Base.
Instruction Guide
Introduction
This form collects information required to calculate the capital base of Level 2 insurance groups for the purposes of deriving a capital adequacy measure and to gauge compliance with the Minimum Capital Requirement (MCR) in accordance with Prudential Standard GPS 111 Capital Adequacy: Level 2 Insurance Group (GPS 111).
Prudential standards GPS 111 and Prudential Standard GPS 112 Capital Adequacy: Measurement of Capital (GPS 112) specify the methodology for measuring the Level 2 insurance group’s capital base. The range of instruments that are eligible for inclusion in the capital base of the Level 2 insurance group are outlined in GPS 112 as read with GPS 111.