Application and Definitions


Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm; and
  2. (2) in accordance with Insurance General Application 3, the Society, as modified by 8.


In this Part, the following definitions shall apply:

standard equity capital charge

means the standard capital requirement for equity risk calculated in accordance with the Solvency II Regulations before any symmetric adjustment is applied.

symmetric adjustment

means the symmetric adjustment that may be applied to the standard equity capital charge in accordance with the Solvency II Regulations.