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6.3. Investment policy and procedures
FINANCIAL SERVICES LEGISLATION
RULES
INSURANCE AND REINSURANCE PRUDENTIAL RULES
SCHEDULE 2 Categories of Long-Term Insurance
SCHEDULE 6. Prudential returns by Insurers
WORKING SCHEDULE 1 - List of Defined Terms for PINS and associated rulebooks
Entire Act

6.3. Investment policy and procedures

6.3.1. Investment policy

An Insurer must establish and maintain an investment policy which specifies

  • (a) the nature, role and extent of its investment activities; and
  • (b) how it complies with PINS 6.1 (Admissible assets).

6.3.2. Procedures for complex and non-transparent investments

An Insurer must establish procedures for managing the risk associated with more complex and less transparent classes of asset and investment in markets or instruments that are subject to less governance or regulation.