CTHRepealedLegislation
Insurance (prudential standard) determination No. 6 of 2010 - Prudential Standard GPS 113 - Capital Adequacy: Internal model-based method
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Disclosure
- GPS 110 and GPS 111 require insurers to disclose certain information about regulatory capital.[13] If an insurer uses the IMB method, the disclosure must include a statement to that effect, and the relevant MCR calculations using both the IMB Method and the Prescribed Method. APRA does not expect this disclosure to give rise to a need for external audit of the RCM.
Attachment to GPS 113
Paragraph 15 of this standard relating to the use test, and paragraph 25 relating to the application process refer to the indicators listed in this attachment.