GWO Warns of Higher Seg-Fund Capital Requirements

2Q10 Shareholders’ Report:

OSFI continues to update and amend the MCCSR guideline in response to emerging issues. The capital requirements for segregated fund guarantees were amended in 2008 and the Company expects that the requirements will increase for new business issued after December 31, 2010. The extent of the increase in requirements has not been finalized and discussions with OSFI are on-going. The Company expects further changes in segregated fund guarantee requirements, likely in 2013, that will impact its existing business. The impact of these future changes is uncertain.

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This entry was posted on Thursday, August 5th, 2010 at 12:21 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “GWO Warns of Higher Seg-Fund Capital Requirements”

  1. GWO To Take Hit on Lawsuit Loss « PrefBlog says:
    October 3, 2010 at 10:42 pm

    […] The last mention of GWO in the “Issue Comments” category was GWO Warns of Higher Seg-Fund Capital Requirements. […]

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