BR-2.3.22

Past version: Effective from 01 Jul 2007 to 30 Sep 2007
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An insurance firm that is not a captive insurer must obtain the prior approval of the CBB of any proposed transaction with a related party (a related party transaction) where the fair value of that related party transaction exceeds 10 per cent, or where several smaller transactions that appear to be linked fall above this threshold, of the insurance firm's capital available, as defined in Paragraph CA-1.1.21.

Amended: January 2007