【法规名称】
【法规编号】 82469 什么是编号？
【正 文】
第2页 CAP 41G INSURANCE COMPANIES (GENERAL BUSINESS) (VALUATION) REGULATION
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[接上页] "net tangible assets" (有形资产净额), in relation to an insurer or a company, means the surplus of the total tangible assets value of the insurer or company over the amount of its total liabilities (including contingent and prospective liabilities, but excluding liabilities in respect of its share capital), and for the avoidance of doubt, it is declared that intangible assets (including deferred acquisition costs) are to be excluded in the calculation of net tangible assets; "ready market price" (现有市场价格), in relation to an unlisted share or security- (a) for which 2 closing prices are quoted on a secondary market or a market acceptable to the Insurance Authority, means the average of the 2 closing prices so quoted for the relevant date or, if no closing prices are quoted on that day, the most recent day prior to that day for which closing prices for the share or security have been quoted; and (b) for which 1 closing price is quoted on a secondary market or a market acceptable to the Insurance Authority, means the closing price so quoted for the relevant date or, if no closing price is quoted on that day, the most recent day prior to that day for which a closing price for the share or security has been quoted;"recent audited accounts" (近期审计帐目) means audited accounts and statements relating to a period ending on a day within 2 years before the relevant date; "recent valuation" (近期估值) means a valuation made within 3 years before the relevant date; "relevant date" (有关日期), in relation to the valuation of any asset or liability for any purpose for which this Regulation applies, means the date when the asset or liability falls to be valued for that purpose; "security" (证券) means any debenture, loan stock, bond or note of, or issued by, any body, whether incorporated or unincorporated, or of any government or local government authority, but does not include any share or any unit, or other beneficial interest, in any unit trust or mutual fund; "total eligible asset value" (合资格资产总值), in relation to an insurer, means the total value of the assets of the insurer (the values of which are qualified to be admitted under this Regulation) as assessed in accordance with this Regulation other than section 14. (Enacted 1995) Cap 41G s 3 Land and buildings (1) Subject to subsection (2), the value of any land or building must be not greater than- (a) its net book value where- (i) its open market value as assessed by an independent qualified valuer or as assessed under subsection (2) in the latest recent valuation of the land or building does not fall below its net book value; or (ii) there is no recent valuation of the land or building commissioned by the insurer who holds the land or building or under subsection (2); or(b) its open market value as assessed by an independent qualified valuer or as assessed under subsection (2) in the latest recent valuation where such open market value falls below its net book value; or (c) its net book value plus up to 75% of the surplus of its open market value as assessed by an independent qualified valuer or as assessed under subsection (2) in the latest recent valuation over its net book value.(2) The Insurance Authority may require an insurer to have the open market value of its land or building assessed by the Commissioner of Rating and Valuation, if the Insurance Authority is of the opinion that the open market value of the land or building as assessed by an independent qualified valuer or the net book value thereof does not reflect the true value. (Enacted 1995) Cap 41G s 4 Listed shares or securities, unit trusts or mutual funds (1) The value of the following listed share, listed security, holding of a unit, or other beneficial interest, in a unit trust or mutual fund must be not greater than 100% of the middle market quotation of the share or security or, as the case may be, 100% of the market value of the holding of the unit, or other beneficial interest, in the unit trust or mutual fund, on the relevant date- (a) listed security issued or guaranteed by the Hong Kong Government or the Exchange Fund established under the Exchange Fund Ordinance (Cap 66); (b) listed share, listed security, unit trust or mutual fund with- (i) a current credit rating appraised by a credit rating agency set out in column 1 of Table 1 which is not lower than- (A) in the case of long term rating, the rating specified in column 2 in relation to that credit rating agency; and (B) in the case of short term rating, the rating specified in column 3 in relation to that credit rating agency; or(ii) a current credit rating appraised by a credit rating agency approved by the Insurance Authority which rating is considered by him to be a rating equivalent to a rating in Table 1. TABLE 1 Column 1 Credit rating agency Column 2 Long term rating Column 3 Short term rating Moody's Investors Service, Inc. Aaa or aaa Prime-1 Standard and Poor's Corporation |
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