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total capital after deductions

01/01/2016

(1) in relation to an undertaking with a Part 4A permission, the total capital after deductions calculated as if that undertaking were required to calculate its capital resources in accordance with Insurance Company – Capital Resources Table 2.1, but with such adjustments being made to secure that the undertaking’s calculation of its total capital after deductions complies with relevant capital provisions in the PRA Rulebook or FCA Handbook;

(2) in relation to any other subsidiary, the total capital after deductions of the undertaking calculated as if the undertaking were required to calculate its total capital resources in accordance with Insurance Company – Capital Resources Table 2.1.