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Glossary

Looking for the right term then try the glossary:

capital add-on

Term	Definition	Legal instruments
standard formula significant risk profile deviation 01/01/2016	means the determination by the PRA of a significant deviation in the risk profile of a UK Solvency II firm, or a group (as appropriate), from the assumptions underlying the SCR (or group SCR, as appropriate) in circumstances where the firm’s SCR (or the group’s group SCR, as appropriate) is calculated using the standard formula.	Instruments

Term

Definition

Legal instruments

standard formula significant risk profile deviation

01/01/2016

means the determination by the PRA of a significant deviation in the risk profile of a UK Solvency II firm, or a group (as appropriate), from the assumptions underlying the SCR (or group SCR, as appropriate) in circumstances where the firm’s SCR (or the group’s group SCR, as appropriate) is calculated using the standard formula.

Instruments