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CA-1.2.5

An insurance firm'sG capital availableG , for the purposes of this Module, comprises two tiers. Tier 1, or core capital, comprises the highest quality capital elements that fully meet all the essential characteristics of capital. Tier 2, or supplementary capital, comprises other instruments that, to varying degrees, fall short of the quality of Tier 1 capitalG but nonetheless contribute to the overall financial strength of the insurance firmG . Insurance firmsG may hold Tier 2 capitalG in excess of the limits in Paragraph CA-1.2.7, but any such excess is not counted as capital availableG for the purposes of the requirements in this Module.

Amended: January 2007
 Versions
(2 Versions)
 
Up to Jun 30 2007Jul 1 2007 onwards
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