4
Margin of Solvency Below Guarantee Fund
4.1
This Chapter only applies to an incorporated friendly society.
- 01/01/2016
4.2
If a firm’s margin of solvency falls below its guarantee fund, it must, within 28 days of the firm becoming aware of this event, submit to the PRA, a short-term financial plan, including:
- (1) a scheme of operations; and
- (2) an explanation of how, if at all, and by when, it expects its margin of solvency to be adequately restored to the guarantee fund.
- 01/01/2016