Regulation 7

The target fund size of the PPF Life Fund is 0.61% of the aggregate protected liabilities in respect of insured policies covered under the PPF Life Fund.

The target fund size of the PPF General Fund is 1.51% of the gross premium income in respect of insured policies covered under the PPF General Fund.

Without prejudice to any other factors that may be relevant in the determination of any variation to the levy rates, where the PPF Life Fund or PPF General Fund achieves or exceeds the target fund size specified in paragraph (1) or (2), as the case may be, the Authority and the Agency may conduct a joint review of the levy rates.