Glossary

Looking for the right term then try the glossary:

capital add-on
Term Definition Legal instruments

significant system of governance deviation

01/01/2016

means the determination by the PRA of a significant deviation by a UK Solvency II firm, or a group (as appropriate), from the system of governance requirements set out in Conditions Governing Business 2.2 to 7 (including pursuant to Group Supervision 17.1(1) where appropriate).