PIN 5.7.2

Where an Insurer is the Parent of a Financial Group, the value of the Insurer's investment in any Subsidiary or Associate that is a Financial Institution must be taken as the amount of the Insurer's proportionate share of that Subsidiary or Associate's Capital Resources or Adjusted Capital Resources determined in accordance with Rule 8.3.5(1)(b), reduced by the Insurer's proportionate share of the Subsidiary or Associate's Capital Requirement determined in accordance with Rule 8.3.4(2).