Glossary

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Term Definition Legal instruments

restricted assets

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE INSURANCE COMPANY – OVERALL RESOURCES AND VALUATION PART

means assets of the undertaking which are subject to a legal restriction or other requirement having the effect that those assets cannot be transferred or otherwise made available to the firm for the purposes of the firm meeting its CR Requirement without causing a breach of that legal restriction or requirement.