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Term Definition Legal instruments

UK multi-arrangement ISPV

08/12/2017

THIS DEFINITION ONLY APPLIES TO THE INSURANCE SPECIAL PURPOSE VEHICLES PART

means: 

(1) a UK ISPV that is a multi-arrangement special purpose vehicle; and

(2) a UK ISPV that is a non-Solvency 2 transformer vehicle which assumes risks under more than one separate contractual arrangement from one or more undertaking(s)