PRU 8.3.4

(1) An Authorised Person in Category 1, 2 or 5 must calculate its Financial Group Capital Resources by applying either of the following methods, excluding those amounts referred to in Rule 8.3.5:
(a) the accounting consolidation method, which calculates the Capital Resources of the Financial Group based on the Financial Group's consolidated financial statements; or
(b) the aggregation method, which is the sum of:
(i) the Capital Resources of the Parent of the Financial Group;
(ii) subject to (2), the Capital Resources of any Authorised Persons and Financial Institutions included in the Financial Group; and
(iii) the Financial Group's proportionate share of Capital Resources in Financial Institutions not included in the Financial Group in which any member of the Financial Group has a participation.
(2) For the purposes of (1)(b)(ii), an investment by one Financial Group member in another must not be included.