Glossary

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eligible own funds
Term Definition Legal instruments

eligible Tier 2 own funds

01/01/2016

means;

(1) as to compliance with a UK Solvency II firm’s SCR, the UK Solvency II firm’s Tier 2 own funds that satisfy the limits set out in Own Funds 4.1(1) and the Solvency II Regulations; and

(2) as to compliance with a UK Solvency II firm’s MCR, the firm’s Tier 2 basic own funds that satisfy the limits in Own Funds 4.2 and the Solvency II Regulations.