Solvency Capital Requirement - Standard Formula Application and Definitions
Application provision
1.1 Unless otherwise stated, this Part applies to:
- (1) a UK Solvency II firm; and
- (2) in accordance with Insurance General Application 3, the Society, as modified by 8.
1.1
01/01/2016
Unless otherwise stated, this Part applies to:
- (1) a UK Solvency II firm; and
- (2) in accordance with Insurance General Application 3, the Society, as modified by 8.
1.2
01/01/2016
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.
means the symmetric adjustment that may be applied to the standard equity capital charge in accordance with the Solvency II Regulations.