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Insurance (prudential standard) determination No. 2 of 2019
No longer in force
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Administered by
Department of the Treasury
This item is authorised by the following title:
Insurance Act 1973
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F2019L00625
23 April 2019
-
30 June 2023
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Authority
Application
Level 2 insurance groups
Interpretation
Capital base
Common Equity Tier 1 Capital
Additional Tier 1 Capital
Tier 2 Capital
Additional Tier 1 or Tier 2 Capital issued overseas by the regulated institution
Use of Special Purpose Vehicles to issue Additional Tier 1 and Tier 2 Capital instruments
Holding of capital instruments in group members by other group members
Determinations made under previous prudential standards
Criteria for classification as paid-up ordinary shares
Regulatory adjustments
General rules for regulatory adjustments
Holdings of own capital instruments
Regulatory adjustments to Common Equity Tier 1 Capital
Criteria for inclusion in Additional Tier 1 Capital
Additional Tier 1 Capital: Stapled security structure
Criteria for inclusion in Tier 2 Capital
Criteria for capital issues involving Special Purpose Vehicles
Loss absorption at the point of non-viability: Additional Tier 1 and Tier 2 Capital instruments
Transitional arrangements for capital instruments
Instruments eligible for transition
Transitional arrangements
Base amount
Level 2 insurance groups
Capital base
Capital issued by fully consolidated subsidiaries and held by third parties
Regulatory adjustments to Common Equity Tier 1 Capital
Additional Tier 1 or Tier 2 Capital issued overseas by parent entities or subsidiaries
Use of Special Purpose Vehicles to issue Additional Tier 1 or Tier 2 Capital
Loss absorption at the point of non-viability: Additional Tier 1 and Tier 2 Capital instruments
Intra-group capital transactions
Holdings of capital instruments in group members by other group members
Capital support