On 24 July 2009, the FR published separate updated "Requirements" for life, non-life and composite reinsurance undertakings. The updated aspects include an increase in the minimum guarantee fund (MGF) from €3 million to €3.2 million for all reinsurers other than captives. The MGF for captives is increased from €1 million to €1.1 million. Both increases are to take effect from 31 December 2009. A requirement for the submission of quarterly returns by insurers meeting certain criteria has also been introduced.