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Application provision

1.1 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.



A firm with an internal model approval must not, in respect of the internal model for which that internal model approval has been granted, revert to calculating the whole or any part of the SCR in accordance with the standard formula.

Additional Notes

[Note: Art. 117 of the Solvency II Directive]