Glossary

relevant risk-free interest rate term structure

31/12/2020

The changes to this defined term are effective from 23:00 on 31/12/2020.

means the relevant risk-free interest rate term structure, in accordance with:

(1) Technical Provisions 5 and 8.3 to 8.4;

(2) the Solvency II Regulations adopted under Article 86 of the Solvency II Directive; and

(3) for the purposes of calculating technical provisions as at a point in time falling before IP completion day, the relevant technical information made by EIOPA under Article 77e(1)(a) of the Solvency II Directive and adopted in Solvency II Regulations under Article 77e(2) of the Solvency II Directive;

(4) for the purposes of calculating technical provisions as at a point in time falling on or after IP completion day, the relevant technical information made by the PRA in accordance with regulation 4B(1) of the Solvency 2 Regulations