Examples of Approved Investments in a sentence
Securities not expressly covered under Approved Investments outlined above.
As per (IRDAI (Investment) (Fifth Amendment) Regulations, 2013, Annexure II) the current limit of Approved Investments in Mutual Funds is 1.5% of the fund.
Equally, if an Approved Investment becomes dormant for any reason for a continuous period of one year prior to being fully negotiated and executed and at the end of that period the probability of that investment moving forward towards execution is regarded as low, it may also be removed from the category of Approved Investments.
Investments may be made in any wholly owned subsidiary or its publicly listed borrowing programmes which either (a) has the same or better credit rating as, or (b) is guaranteed by the counterparty listed in the Approved Investments List, within the parent institution’s aggregate investment limit.
The Approved Investments List includes i) the UK Government and its executive agency, the Debt Management Office; ii) UK Government guaranteed investments; iii) selected financial institutions with high (investment grade) credit ratings from a credit rating agency; iv) selected supranational or sub-sovereign agencies with high credit ratings; or, v) selected Money Market Funds with high credit ratings.