Book traversal links for Article (9) - Borrowed Funds
Article (9) - Borrowed Funds
IA-BOD-RES 25/2014 Effective from 28/12/2014The Company shall not utilize borrowed funds for the purpose of investments to cover Gross Technical provisions, Minimum Capital Requirement, Minimum Guarantee Fund and Solvency Capital Requirement. For this purpose, borrowed funds include bank loans and other debt instruments, but it does not include Surplus Bonds issued to raise working capital in lieu of Shares.