Minimum Capital Test : Definition of Redeemable Preference Shares

The purpose of this bulletin is to specify, for the purpose of calculating MCT, the criteria to be used by the general insurance companies to determine whether a class of preference shares should be included in Capital Available or considered to be “redeemable”

Date of effect:

May 2011

Legal Code:

AR-ADVI-11/06-0003

Type:

Insurance

Status:

Final

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