Glossary

The Rulebook Glossary contains defined terms used in more than one Part across the PRA Rulebook.

Term	Definition	Legal instruments for this definition
volatility adjustment 01/01/2016	means the adjustment to the relevant risk-free interest rate term structure to calculate the best estimate in accordance with: (1) the Solvency II Regulations adopted under Article 86(1)(j) of the Solvency II Directive; and (2) any technical information made by EIOPA under Article 77e(1)(c) of the Solvency II Directive and adopted in Solvency II Regulations under Article 77e(2) of the Solvency II Directive.

Term

Definition

Legal instruments for this definition

01/01/2016

means the adjustment to the relevant risk-free interest rate term structure to calculate the best estimate in accordance with:

(1) the Solvency II Regulations adopted under Article 86(1)(j) of the Solvency II Directive; and

(2) any technical information made by EIOPA under Article 77e(1)(c) of the Solvency II Directive and adopted in Solvency II Regulations under Article 77e(2) of the Solvency II Directive.