From January 2016, dividends declared on an insurer’s ordinary shares must be cancellable on a breach of the Solvency Capital Requirement (SCR) at any time up until payment if they are to qualify as Tier 1 own funds.
Senior Counsel Daniëlle Pos co-authored a practical outline of what this means in practice and how different jurisdictions have interpreted this requirement.
Click here to download the publication.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.