Glossary

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Term Definition Legal instruments

individual capital resources requirement

01/01/2016

means:

(1) in relation to an undertaking with a Part 4A permission, any capital requirement imposed by relevant provisions in the PRA Rulebook or FCA Handbook; or

(2) in relation to any other subsidiary the shares of which a firm elects to value in accordance with Insurance Company – Overall Resources and Valuation 8.1, zero.