This consultation paper sets out the proposed enhancements to the capital treatment for securitised and infrastructure investments for insurers under RBC 2.

Consultation number:

P018-2026

Start date:

02 November 2026

Closing date:

18 December 2026

Notice FHC-N133 sets out the valuation and capital requirements for a Designated Financial Holding Company (Licensed Insurer) based on the enhanced valuation and capital framework (“RBC 2”) consolidation approach.

Sets out the requirements under the risk-based capital framework for all licensed insurers, including the way in which assets and liabilities are to be valued.

Informs insurers on the issuance of the Response to Consultation Paper on the proposed enhancements to the RBC 2 capital treatment for investment in structured products and infrastructure investments for insurers under RBC 2 framework.

Informs insurers on the issuance of the Consultation Paper on Proposed Capital Treatment for Structured Products and Infrastructure Investments for Insurers.