Notice 322 Information to be Submitted Relating to the Web Aggregator

Notice No.: MAS 322 Issue Date: 31 December 2015 Last revised on 27 November 2023 NOTICE TO LIFE INSURERS INSURANCE ACT 1966 INFORMATION TO BE SUBMITTED RELATING TO THE WEB AGGREGATOR Introduction

1. This Notice is issued pursuant to section 39 of the Insurance Act 1966 (“the Act”). Application
2. This Notice applies to all direct life insurers, except a direct life insurer listed as a life insurer with defined market segments in the Financial Institution Directory as set out at the Authority’s internet website at http://www.mas.gov.sg (under “eServices”, “Directories”, “Financial Institutions Directory”, and filter by “Sector: Insurance”, “Licence Type/Status: Direct Insurer (Life)”, “Activity/Business Type: Serving a Defined Market Segment”). Definitions
3. For the purposes of this Notice, unless the context otherwise requires – “accredited investor” has the same meaning as in the Securities and Futures Act 2001; “appointed person” means such a person as the Authority may appoint to create, develop or operate the web aggregator; [MAS Notice 322 (Amendment) 2018] “CI specified combination” means – (a) in respect of a term life insurance product, a unique combination of one (1) specification from each parameter (a) to (f) as set out in the Annex;

Information To be Submitted Relating to the Web Aggregator 2 (b) in respect of a whole life insurance product, a unique combination of one (1) specification from each parameter (h) to (m) as set out in the Annex; or (c) in respect of an endowment insurance product, a unique combination of one (1) specification from each parameter (o) to (t) as set out in the Annex; “designated platform” means the secured file upload platform as notified in writing by the Authority to the direct life insurers, for the purposes of the web aggregator; [MAS Notice 322 (Amendment) 2023] “direct life insurer” means a direct insurer licensed under the Act to carry on life business; [MAS Notice 322 (Amendment) 2018] “policy illustration”, in relation to a life policy, has the same meaning as in paragraph 2 of the Notice on Market Conduct Standards for Direct Life Insurer as a Product Provider [MAS Notice 318]; [MAS Notice 322 (Amendment) 2018] “product summary”, in relation to a life policy, has the same meaning as in paragraph 2 of the Notice on Market Conduct Standards for Direct Life Insurer as a Product Provider [MAS Notice 318]; [MAS Notice 322 (Amendment) 2018] “relevant product” means any – (a) term life insurance product; (b) whole life insurance product; (c) endowment insurance product; or (d) investment-linked insurance product; which the direct life insurer offers for sale to the public in Singapore; “specified combination” means– (d) in respect of a term life insurance product, a unique combination of one (1) specification from each parameter (a) to (g) as set out in the Annex; (e) in respect of a whole life insurance product, a unique combination of one (1) specification from each parameter (h) to (n) as set out in the Annex; or (f) in respect of an endowment insurance product, a unique combination of one (1) specification from each parameter (o) to (u) as set out in the Annex;

Information To be Submitted Relating to the Web Aggregator 3 “total death benefit” in respect of a life policy, means the sum of the guaranteed and non￾guaranteed death benefits; “total surrender value” in respect of a life policy (other than an investment-linked policy), means the sum of the guaranteed and non-guaranteed surrender value; “web aggregator” has the same meaning as in section 39 of the Act. 4. The expressions used in this Notice shall, except where expressly defined in this Notice or where the context otherwise requires, have the same respective meanings as in the Act and the First Schedule to the Act. 5. Any reference to a paragraph is a reference to a paragraph in this Notice unless otherwise specified. Information to be submitted for the purposes of the web aggregator 6. Subject to paragraphs 10 and 15, a direct life insurer must submit to the appointed person through the designated platform – (a) in respect of each term life insurance product, whole life insurance product or endowment insurance product (other than a relevant product referred to in sub￾paragraph (b)) which the direct life insurer offers for sale to the public in Singapore, the information required under sections A to F of the Appendix to this Notice, on at least one (1) life policy for every specified combination; (b) in respect of each term life insurance product, whole life insurance product or endowment insurance product, which— (i) does not have a compulsory critical illness benefit but may have attached such optional benefit covering at least 30 critical illnesses and accelerating the payment of the sum assured of a policy, where the insured person of the policy is diagnosed with any of the critical illnesses; and (ii) the direct life insurer offers for sale to the public in Singapore, the information required under sections A to F of the Appendix to this Notice, on the following life policies for every CI specified combination: A. a life policy which has a CI specified combination and does not have an optional critical illness benefit; B. a life policy which has the same CI specified combination as the life policy referred to in sub-paragraph (A) and an optional critical illness benefit attached which covers at least 30 critical illnesses and accelerates the

Information To be Submitted Relating to the Web Aggregator 4 payment of the sum assured of a policy, where the insured person of the policy is diagnosed with any of the critical illnesses (where offered by the direct life insurer); and (c) in respect of each investment-linked insurance product, the information required under section F of the Appendix to this Notice, within seven (7) working days after the launch date of a relevant product (the “Submission Period”). A direct life insurer must not submit any information referred to in sub-paragraphs (a) to (c) prior to the Submission Period. [MAS Notice 322 (Amendment) 2023] 7. Subject to paragraph 15, where there is any change to the information which has been submitted by a direct life insurer under paragraph 6, the direct life insurer must submit to the appointed person through the designated platform, the updated information within seven (7) working days after the date on which the change to the information takes effect (the “Update Period”). A direct life insurer must not submit any updated information referred to in this paragraph prior to the Update Period. [MAS Notice 322 (Amendment) 2023] 8. A direct life insurer must in respect of every submission of the information referred to in paragraph 6 or 7, state in the submission the date by which the submitted information is to be published on the web aggregator and such date must be no later than the first calendar day after the end of the Submission Period or Update Period respectively. 9. When a direct life insurer no longer offers a relevant product which has information published on the web aggregator, the insurer must immediately submit a request in writing to the appointed person through the designated platform to remove all information in relation to the relevant product which has been published on the web aggregator. [MAS Notice 322 (Amendment) 2023] 10. A direct life insurer is not required to comply with paragraph 6 in respect of a relevant product, where– (a) the premiums or the policy moneys payable are not denominated in Singapore dollar; (b) the relevant product is a tranche product which is offered for sale to the public in Singapore for not more than six (6) consecutive months or an aggregate of six (6) months from the relevant product’s first launch date; (c) every life policy arising from the sale of a relevant product which is issued by the direct life insurer insures two (2) or more lives;

Information To be Submitted Relating to the Web Aggregator 5 (d) the relevant product is only offered as an optional rider (other than an optional critical illness benefit as set out in paragraph 6(b)); or (e) the direct life insurer only offers the relevant product for sale to a limited class of persons in Singapore, such as existing policy owners of a direct life insurer, employees of a direct life insurer or accredited investors. 11. Subject to paragraphs 9 and 14, a direct life insurer must not prevent any information which has been submitted under paragraph 6 or 7 from being published on the web aggregator at any point in time after the end of the Submission Period or Update Period respectively. Information to be submitted must not be false or misleading in a material particular, or inaccurate 12. A direct life insurer must not submit any information to the Authority or appointed person for publication on the web aggregator which is false or misleading in a material particular. 13. A direct life insurer must take reasonable care that any information submitted to the Authority or appointed person for publication on the web aggregator is accurate. 14. If a direct life insurer becomes aware that any information submitted to the Authority or appointed person, or published on the web aggregator is – (a) false or misleading in a material particular; or (b) inaccurate; the direct life insurer must immediately notify the Authority and submit a request in writing to the appointed person to withdraw or rectify such information. 15. If the designated platform is not operational or available, the direct life insurer must submit the information required under paragraph 6 or 7, or the request in writing under paragraph 9 or 14, through electronic mail to the Authority and appointed person concurrently. [MAS Notice 322 (Amendment) 2023]

Information To be Submitted Relating to the Web Aggregator 6 Notification to the Authority 16. A direct life insurer shall notify the Authority immediately when the direct life insurer becomes aware that it has not satisfied any of the requirements under this Notice. Self-incrimination 17. A direct life insurer is not excused from disclosing information to the Authority under a requirement made of him under paragraph 14 or 16 on the ground that the disclosure of information might tend to incriminate him but, where the direct life insurer claims before disclosing the information that the information might tend to incriminate him, that information shall not be admissible in evidence against him in criminal proceedings other than proceedings for an offence under this Notice. Effective Date and Transitional Arrangements 18. This Notice shall come into effect on 1 January 2016. MAS Notice 322 - Information To Be Submitted Relating To The Web-Aggregator issued on 6 April 2015 is cancelled with effect on 1 January 2016. 19. In respect of a direct life insurer which has not offered any relevant product for sale to the public in Singapore prior to 1 January 2016 but launches a relevant product on any date from 1 January 2016 – (a) for the period from 1 January 2016 to the date on which the direct life insurer’s first relevant product is launched (“First Launch Date”) (both dates inclusive), this Notice shall not apply to the direct life insurer; and (b) after the First Launch Date and subject to paragraph 20, this Notice shall apply to the direct life insurer. 20. In respect of the period which is one (1) month after the First Launch Date (“Specified Month”), paragraph 6 shall apply to a direct life insurer as though the reference to within seven working (7) days after the launch date of a relevant product were a reference to within the Specified Month, unless the date which is seven working (7) days after the launch date of a relevant product, is later than the date which is the last day of the Specified Month.

Information To be Submitted Relating to the Web Aggregator 7 *Notes on History of Amendments

1. MAS Notice 322 (Amendment) 2018 with effect from 2 July 2018.
2. MAS Notice 322 (Amendment) 2023 with effect from 27 November 2023.

Information To be Submitted Relating to the Web Aggregator 8 APPENDIX This Appendix sets out the information which must be submitted under paragraph 6. Sections A, B, C, D and E of this Appendix only apply to a life policy arising from the sale of a relevant product, where the relevant product is not an investment-linked insurance product. Section F of this Appendix applies to all relevant products. A. Basis on which information is to be prepared

1. A direct life insurer must prepare the information required under sections B, C, D and E of this Appendix in relation to a life policy based on – (a) the direct life insurer’s own age definition; and (b) the assumption that the insured is a standard life with no pre-existing medical conditions. B. Premiums, fees and charges
2. A direct life insurer must in respect of a life policy, provide the respective amounts of the annual premium and total premium which are payable on the life policy. The amounts provided should include the premiums payable for any benefit, whether compulsory or optional, which has been attached to the life policy.
3. A direct life insurer must disclose all fees and charges which may be payable in respect of a life policy and are in addition to the annual premium and total premiums referred to in item 1 of Section B. C. Key benefits and features Death benefit, surrender value, coupon or dividend payments and maturity value
4. Subject to items 2 and 3 of Section C, a direct life insurer must in respect of the following respective life policies provide the following respective values (where applicable): (a) in respect of a life policy of every relevant product (i) the guaranteed death benefit in the 5th, 10th, 20th and 30th policy year; and (ii) the Total Death Benefit in the 5th, 10th, 20th and 30th policy year;

Information To be Submitted Relating to the Web Aggregator 9 (b) in respect of a life policy of a whole life insurance product or an endowment insurance product – (i) the guaranteed surrender value in the 5th, 10th, 20th and 30th policy year; (ii) the Total Surrender Value in the 5th, 10th, 20th and 30th year policy year; (iii) the ordinal number of the policy year, by the end of which an amount is first payable upon the surrender of the life policy; (iv) the guaranteed amount of coupon or dividend payments which is payable over the duration of the life policy (referred to as the “Total Cash Payout – Guaranteed Amount”); and (v) the sum of the guaranteed and non-guaranteed amounts of coupon or dividend payments which are payable over the duration of the life policy (referred to as the “Total Cash Payout – Total Guaranteed and Non-guaranteed”); (c) in respect of a life policy of an endowment insurance product – (i) the guaranteed amount payable at the maturity date of the life policy (referred to as the “Guaranteed Maturity Value”); (ii) the non-guaranteed amount payable at the maturity date of the life policy (referred to as the “Non-guaranteed Maturity Value”); (iii) the sum of the guaranteed and non-guaranteed maturity value (referred to as the “Total Maturity Value”); (iv) the sum of the items 1(b)(iv) and 1(c)(i) (referred to as the “Total Guaranteed Payout”); and (v) the sum of the items 1(b)(v) and 1(c)(iii)(referred to as the “Total Payout”). 2. A direct life insurer must in respect of a life policy, provide the values required under items 1(a)(ii), 1(b)(ii), 1(b)(v), 1(c)(iii) and 1(c)(v) of Section C by using the lower and upper illustration rates in the policy illustration of the life policy. [MAS Notice 322 (Amendment) 2018] 3. Subject to item 4 of Section C, a direct life insurer must ensure that all values provided under Section C are consistent with the values prepared by the direct life insurer in the policy illustration of the life policy.1 [MAS Notice 322 (Amendment) 2018] 4. In respect of a life policy arising from the sale of a whole life insurance product, a direct life insurer must provide the information required under items 1(b)(iv) and 1(b)(v) of Section C by using the least of the following assumptions: 1 For avoidance of doubt, this requirement is subject to the overriding principle that the information submitted under this Notice, must not have the effect of being potentially misleading upon publication on the web aggregator. Example: In determining the sum of item 1(c)(v) of Section C, the coupons or dividends payable in the final year of the life policy should only be accounted for under item 1(b)(v) or item 1(c)(iii), but not both.

Information To be Submitted Relating to the Web Aggregator 10 (a) the life policy provides coverage to the insured up until the insured is 99 years old; (b) the number of years for which the insured will be covered for under a life policy (“coverage term of the life policy”); (c) the maximum number of years for which coupons or dividends are payable for under the life policy. Compulsory critical illness benefit 5. In respect of a life policy which has a compulsory critical illness benefit that covers less than 30 late stage critical illnesses, a direct life insurer must clearly disclose the scope of the coverage of the compulsory critical illness benefit. Coverage term and premium payment term 6. A direct life insurer must provide the number of years for which the insured will be covered for under a life policy (referred to as the “coverage term of the life policy”). 7. Where any key benefit provided under a life policy has a shorter coverage term than the coverage term of the life policy, a direct life insurer must disclose that key benefit and the shorter coverage term for the key benefit. 8. Where a life policy is a limited premium policy or regular premium policy, a direct life insurer must provide the number of years for which premium payments will be required in respect of the life policy. D. Total distribution cost

1. A direct life insurer must provide the total distribution cost in respect of a life policy based on the expected cumulative distribution-related costs and including commissions paid or payable to an intermediary for the sale of the life policy.
2. Subject to item 3 of Section D, the amount of the total distribution cost under item 1 of Section D must be consistent with the amount of total distribution cost figure shown in the policy illustration of the life policy. [MAS Notice 322 (Amendment) 2018]
3. Where the total distribution cost in respect of a life policy varies due to factors such as the differing distribution cost of a sale intermediary or channel through which the life policy is sold, a direct life insurer must provide the highest amount of the total distribution cost which could apply to the life policy.

Information To be Submitted Relating to the Web Aggregator 11 E. Other information

1. A direct life insurer must provide a description of the type of financial needs which a life policy caters for.
2. Where a life policy is a participating policy, a direct life insurer must provide the following information as may be applicable to the policy: (a) in respect of the sub-fund to which the policy belongs or, in the absence of a sub￾fund, the participating fund: (i) the annual net investment returns for the past three (3) years; and (ii) the average annual net investment returns over the past three (3) years, five (5) years and ten (10) years; (b) in respect of the participating fund or the sub-fund to which the policy belongs: (i) the annual total expense ratios for the past three (3) years; and (ii) the average annual total expense ratios over the past three (3) years, five (5) years and ten (10) years, where the total expense ratio is the ratio of the total expenses incurred by the participating fund or the sub-fund (as the case may be), including investment, management, distribution, taxation and other expenses, to the assets of the participating fund or the sub-fund (as the case may be); and (c) the illustrated yields at maturity in relation to an endowment insurance product or the illustrated yields upon surrender in relation to a whole life insurance product, using the lower and upper illustration rates in the policy illustration of the life policy. The net investment returns, total expense ratios and illustrated yields referred to in this item must be computed in accordance with the industry standards issued by the Life Insurance Association of Singapore. [MAS Notice 322 (Amendment) 2018]
3. Where applicable, a direct life insurer must in respect of a life policy provide the two (2) illustration rates used in the policy illustration of the life policy. [MAS Notice 322 (Amendment) 2018]
4. Subject to item 5 of Section E, a direct life insurer must provide at least one (1) credit rating assigned to the direct life insurer by Standard & Poor (“S&P”), Moody’s Investors Service (“Moody’s”), Fitch Ratings (“Fitch”) or A.M. Best (“AM Best”), where available.

Information To be Submitted Relating to the Web Aggregator 12 5. Where a direct life insurer does not have a credit rating, the direct life insurer may provide the latest available credit rating (if available) of its holding company which is assigned by S&P, Moody’s, Fitch or AM Best, and the complete legal name of that holding company. F. Product summary and brochure

1. A direct life insurer must provide the product summary of a life policy and any attaching compulsory rider or attaching optional rider to the life policy which has been included in the premiums published on the web aggregator. If a product brochure of the life policy is available, a direct life insurer may provide the product brochure. [MAS Notice 322 (Amendment) 2018]
2. A direct life insurer must ensure that the content of the product summary and product brochure provided under item 1 of Section F is consistent with the documents which are provided by the direct life insurer to any person who is interested in purchasing the life policy. [MAS Notice 322 (Amendment) 2018]

Information To be Submitted Relating to the Web Aggregator 13 Annex Term Life Insurance Product Parameters Specifications a. Actual age of insured (i) If insured is a non-smoker: Every age from 0 up to 99 years (ii) If insured is a smoker: Every age from 18 to 99 years b. Gender of insured (i) Female; or (ii) Male c. Smoker status of insured (i) Non-smoker; or (ii) Smoker d. Premium type selection (i) Annual premium; or (ii) Single premium e. Policy coverage term range For Annual premium and Single premium policies: (i) Up to age 65 years (direct purchase insurance products (“DPI”) only); (ii) 5 years (DPI only); (iii) 20 years (DPI only); (iv) 1 to 5 years; (v) 6 to 10 years; (vi) 11 to 15 years; (vii) 16 to 20 years; (viii) 21 to 25 years; (ix) 26 to 30 years; (x) 31 to 35 years; (xi) 36 to 40 years; or (xii) above 40 years f. Sum Assured (or Guaranteed Death Benefit at inception of the life policy2 ) (i) $50,000; (ii) $100,000; (iii) $200,000; (iv) $300,000; (v) $400,000; (vi) $500,000; (vii) $750,000; or (viii) $1,000,0000 g. Critical illness benefit (i) With critical illness benefit; or (ii) Without critical illness benefit 2 Guaranteed death benefit to be used if Sum Assured is not available or may not be suitable for certain reasons, e.g. the Sum Assured is only a notional amount with no relationship to the death benefit.

Information To be Submitted Relating to the Web Aggregator 14 Examples of a specified combination for a term life insurance product:

1. Specified combination (1): Insured age 40 years; female; non-smoker; annual premium; policy coverage term range between 21 to 25 years; $500,000 sum assured; without compulsory critical illness benefit and without an optional critical illness benefit attached.
2. Specified combination (2): Insured age 39 years; female; non-smoker; annual premium; policy coverage term range between 21 to 25 years; $500,000 sum assured; with compulsory critical illness benefit. Examples of a CI specified combination for a term life insurance product:
3. CI specified combination (1) with the optional critical illness benefit: Insured age 40 years; female; smoker; annual premium; policy coverage term range between 21 to 25 years; $500,000 sum assured; with an optional critical illness benefit which, covers at least 30 critical illnesses and accelerates the payment of the sum assured of the policy, when the insured person of the policy is diagnosed with any of the critical illnesses.
4. CI specified combination (2) with the optional critical illness benefit: Insured age 39 years; female; smoker; annual premium; policy coverage term range between 21 to 25 years; $500,000 sum assured; with an optional critical illness benefit which, covers at least 30 critical illnesses and accelerates the payment of the sum assured of the policy, when the insured person of the policy is diagnosed with any of the critical illnesses.

Information To be Submitted Relating to the Web Aggregator 15 Whole Life Insurance Product Parameters Specifications h. Actual age of insured (i) If insured is a non-smoker: Every age from 0 up to 99 years (ii) If insured is a smoker: Every age from 18 to 99 years i. Gender of insured (i) Female; or (ii) Male j. Smoker status of insured (i) Non-smoker; or (ii) Smoker k. Premium type selection (i) Annual premium; or (ii) Single premium l. Premium payment term range For Annual premium policies: (i) Up to age 70 years(DPI only); (ii) Up to age 85 years (DPI only); (iii) 2 to 5 years; (iv) 6 to 10 years; (v) 11 to 15 years; (vi) 16 to 20 years; (vii) 21 to 25 years; (viii) 26 to 30 years; (ix) 31 to 35 years; (x) 36 to 40 years; or (xi) above 40 years For single premium policies: Not applicable m. Sum Assured (or Guaranteed Death Benefit at inception of the life policy3 ) (i) $50,000; (ii) $100,000; (iii) $200,000; (iv) $300,000; (v) $400,000; or (vi) $500,000 n. Critical illness benefit (i) With critical illness benefit; or (ii) Without critical illness benefit 3 Guaranteed death benefit to be used if Sum Assured is not available or may not be suitable for certain reasons, e.g. the Sum Assured is only a notional amount with no relationship to the death benefit.

Information To be Submitted Relating to the Web Aggregator 16 Examples of a specified combination for a whole life insurance product:

1. Specified combination (1): Insured age 30 years; male; smoker; single premium; $100,000 sum assured; with compulsory critical illness benefit. Specified combination (2): Insured age 34 years; female; non-smoker; annual premium; premium payment term between 21 to 25 years; $50,000 sum assured; without compulsory critical illness benefit. Examples of a CI specified combination for a whole life insurance product:
2. CI specified combination (1) with the optional critical illness benefit: Insured age 25 years; female; non-smoker; annual premium; premium payment term between 6 to 10 years; $200,000 sum assured; with an optional critical illness benefit which covers at least 30 critical illnesses and accelerates the payment of the sum assured of the policy, when the insured person of the policy is diagnosed with any of the critical illnesses.
3. CI specified combination (2) without the optional critical illness benefit: Insured age 34 years; male; non-smoker; annual premium; premium payment term between 21 to 25 years; $100,000 sum assured; without an optional critical illness benefit.

Information To be Submitted Relating to the Web Aggregator 17 Endowment Insurance Product Parameters Specifications o. Actual age of insured (i) If insured is a non-smoker: Every age from 0 up to 99 years (ii) If insured is a smoker: Every age from 18 up to 99 years p. Gender of insured (i) Female; or (ii) Male q. Smoker status of insured (i) Non-smoker; or (ii) smoker r. Premium type selection (i) Annual premium; or (ii) Single premium s. Policy coverage term range For Annual premium and Single premium policies: (i) 1 to 5 years; (ii) 6 to 10 years; (iii) 11 to 15 years; (iv) 16 to 20 years; (v) 21 to 25 years; (vi) 26 to 30 years; (vii) 31 to 35 years; (viii) 36 to 40 years; or (ix) above 40 years t. Premium amount4 For Annual premium policies: (i) $1,000; (ii) $2,500; (iii) $5,000; or (iv) $10,000 For Single premium policies: (i) $10,000; (ii) $20,000; (iii) $30,000; or (iv) $50,000 u. Critical illness benefit (i) With critical illness benefit; or (ii) Without critical illness benefit 4 If the exact premium amount is not available due to the design of a direct life insurer’s premium quotation system, the direct life insurer may use the next closest premium amount available as a substitute specification, provided that the substitute specification does not vary more than 10% in total from the original specification.

Information To be Submitted Relating to the Web Aggregator 18 Examples of a specified combination for an endowment insurance product:

1. Specified Combination (1): Insured age 45 years; male; non-smoker; annual premium of $5,000; policy coverage term range between 6 to 10 years; with compulsory critical illness benefit.
2. Specified Combination (2):5 Insured age 50 years; male; non-smoker, annual premium of $5,089; policy coverage term range between 16 to 20 years; without compulsory critical illness benefit. Examples of a CI specified combination for an endowment insurance product:
3. CI specified Combination (1) with the optional critical illness benefit: Insured aged 28 years; male; non-smoker; annual premium of $1,000; policy coverage term range between 6 to 10 years; with an optional critical illness benefit which, at the minimum, covers 30 critical illnesses and accelerates the payment of the sum assured of the policy, when the insured person of the policy is diagnosed with any of the critical illnesses.
4. CI specified Combination (2) with the optional critical illness benefit:6 Insured age 45 years; male; non-smoker, annual premium of $2,600; policy coverage term range between 16 to 20 years; with an optional critical illness benefit which, at the minimum, covers 30 critical illnesses and accelerates the payment of the sum assured of the policy, when the insured person of the policy is diagnosed with any of the critical illnesses. 5 This specified combination uses a substitute specification as set out in footnote 4. 6 This specified combination uses a substitute specification as set out in footnote 4.