12
Deductions from Capital
12.1
A firm which is not a pure reinsurer must deduct from total capital resources the value of any asset which is not an admissible asset, unless the asset is held to cover linked long-term liabilities under Insurance Company – Risk Management 4.
- 01/01/2016
12.2
A firm must deduct from its capital resources the value of its investments in any affiliated company that is an ancillary services undertaking.
- 01/01/2016
12.3
In relation to each affiliated company that has a Part 4A permission a firm must add to (if positive), at stage J in the capital resources table (Positive adjustments for related undertakings), or deduct from (if negative), at stage L in the capital resources table (Deductions from total capital), its capital resources the value of its shares in that undertaking calculated in accordance with Insurance Companies: Overall Resources and Valuation 8.1.
- 01/01/2016