17.—(1) In determining the Singapore Insurance Fund Assets of the Singapore Insurance Fund, only the classes of assets specified in regulations 5 to 14 and any other asset which the Authority may allow shall be taken into account.
(2) Such assets shall be valued as prescribed in Part III and the extent to which such assets may be taken into account (referred to in this Part as admitted value) shall be determined as specified in regulations 18 and 18A.
(3) The total admitted value of the Singapore Insurance Fund Assets shall be compared against the liabilities of the Fund for the purposes of —
(a)
determining the surplus of the Fund under sections 16 (5), (7), (8), (9) and (10) and 17(4)(a) of the Act;
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(b)
any return to which section 38 of the Act applies; and
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(c)
any investigation made pursuant to the requirements of section 39 of the Act.
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(4) In respect of life business, the investment limits specified in the Schedule shall be applied to the total life business (other than the investment-linked business) of the Singapore Insurance Fund.