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Term Definition Legal instruments

relevant assets

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE INSURANCE COMPANY – CAPITAL RESOURCES REQUIREMENTS PART

means a range of assets which must be selected by the firm pursuant to 20.2 from the assets specified in (1) and (2) in the order specified:

(1) its long-term insurance assets; and

(2) only where the firm has selected all the assets within (1), its shareholder assets, other than assets of an amount and kind required:

(a) to cover its liabilities arising outside its long-term insurance funds; or

(b) to meet any regulatory capital requirements in respect of business written outside its long-term insurance funds.