PIN 9.4.2

The Regulator may, by written notice (referred to in this Chapter as a 'collateral notice') require an Insurer to make available assets:

(a) of a type and in a manner described in Rule 9.4.6; and
(b) having a value, determined in accordance with the provisions of Chapter 5, of the lower of:
(i) the amount, if any, specified in the notice; and
(ii) the amount determined in accordance with Rule 9.4.5.