FIFTH SCHEDULE
Paragraph 1 of Second Schedule
Component 3 (C3) Requirement — Concentration Risks
Concentration risk requirement
1.  Subject to paragraph 2, a registered insurer shall calculate the C3 requirement of any insurance fund established and maintained by the insurer under the Act as the difference between —
(a)the total asset value of the fund; and
(b)the value of assets that do not exceed any concentration limit set out in Table 14 of the Sixth Schedule.
Alternative method for calculating C3 requirement
2.  A registered insurer may use any alternative method to calculate the C3 requirement if the method results in a C3 requirement which is no less than that determined in the manner provided in this Schedule, and in such a case, the Authority may require the insurer to provide documentary evidence of that fact.