Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm;
  2. (2) in accordance with Insurance General Application 3, the Society; and
  3. (3) in accordance with Insurance General Application 3, managing agents.



In addition to meeting the requirements set out in 2.1, a firm must ensure that assets held to cover its technical provisions are invested in a manner appropriate to the nature and duration of the firm’s insurance and reinsurance liabilities and in the best interests of all policyholders, taking into account any disclosed policy objectives.

Additional Notes

[Note: Art. 132(2) of the Solvency II Directive]