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Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm; and
  2. (2) in accordance with Insurance General Application 3, the Society, as modified by 5.

4.1

01/01/2016

A firm must calculate the MCR and report the results of that calculation to the PRA at least quarterly.

Additional Notes


[Note: Art. 129(4) of the Solvency II Directive]

4.2

01/01/2016

Where either of the limits referred to in 3.3 determines a firm’s MCR the firm must provide the PRA information allowing a proper understanding of the reasons therefor.

Additional Notes


[Note: Art. 129(4) of the Solvency II Directive]