(a) The foreign company branch shall rely on the net book value of the assets at the Parent Company's level according to the decision herein when assessing the available funds of the Parent Company from the basic own funds that are used to meet the Minimum Capital Requirement, and ancillary own funds that are used to meet Solvency Capital Requirement and Minimum Guarantee Fund requirements.

(b) The foreign company branch shall comply to at least one of the following rules when requesting to rely on the net book value of the Parent Company's assets to meet any of the Minimum Capital Requirements, Solvency Capital Requirements and Minimum Guarantee Fund Requirements:

1. Transfer part of the Parent Company's funds to the branch's accounts inside the State, with the commitment not to dispose it in a way that affects the financial solvency of the branch except with the approval of the Authority.

2. Provide a bank guarantee letter to the Authority from any of the banks operating in the State according to the form prepared for this purpose.

3. Provide other form of guarantee, provided that it is approved by the Authority and includes at least the following:

(a) The funds shall be restricted to cover the insurance risks of the foreign branch within the State.

(b) The approval of the Authority shall be sought before disposing the funds or changing the guarantee in any case.