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Financial Sector (Collection of Data) (reporting standard) determination No. 73 of 2023
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 73 of 2023.
Insurance concentration risk charge (ICRC)
The insurer is not required to report each component of the ICRC where the amount determined for one or more of the components is always expected to be materially lower than the amount determined for one or more of the other components.