Prudential Regulation Authority Rulebook

5.1

This Chapter applies to a non-directive insurer (other than a non-directive friendly society).

5.2

If a firm’s capital resources fall below its CR Requirement, it must, within 28 days of becoming aware of this event:

1. (1) notify the PRA; and
2. (2) submit a plan for restoration, which:
1. (a) explains why the firm’s capital resources have fallen below its CR Requirement; and
2. (b) demonstrates how, if at all, and by when, it expects its capital resources to be restored to its CR Requirement.