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Capital Requirements Disclosure - PILLAR 3 DISCLOSURE

Scope and Application

The European Capital Requirements Directive ("CRD") came into effect on 1 January 2007. It introduced consistent capital adequacy standards and an associated supervisory framework in the EU based on the Basel II rules.

In Ireland the CRD was transposed into Irish Law by two statutory instruments and along with an Implementation Notice issued by the Financial Regulator ("FR") provide the primary framework for the application of the CRD in Ireland.

KBC Asset Management Ltd and its subsidiary KBC Asset Management International Ltd (collectively "KBCAM"), both being FR regulated investment firms are required to comply with the CRD as transposed into Irish law. KBCAM is also part of KBC Group NV which is headquartered in Brussels, Belgium and it is also required to comply with the CRD.

There are three key Pillars in the CRD:

  • Pillar 1: sets out the methodology for calculation of investment firm's minimum regulatory capital


  • Pillar 2: requires firms to assess their risks and to ensure there is a practical link between their risk profile and the capital they maintain in accordance with their internal capital adequacy assessment process


  • Pillar 3: obliges firms to publicly disclose in accordance with the requirements of the CRD and under these requirements

This is KBCAM's disclosure under Pillar 3

Disclosure

KBCAM, in line with its CRD Pillar 3 Disclosure Policy and that of its ultimate parent KBC Group NV regarding consolidated disclosure, refers you to the consolidated Pillar 3 disclosure contained in the KBC Group Risk Report 2008.

This report is available on the KBC Group website at the following address, and can be accessed under "Investors Relations/Risk Reports".

If you require any further detailed information regarding KBCAM's approach to meeting its CRD requirements please contact us at compliance@kbcam.com