Schedule 1, Part 1 Calculation Method And General Principles
Method to be used in calculating adjusted solvency of insurers and reinsurers.
(1) Except as provided under subparagraph (2), the adjusted solvency of insurers and reinsurers to which Regulation 4(1) applies must be calculated according to the method specified in paragraph 17 of this Schedule.
(2) The Bank may also authorise or direct an insurer or reinsurer to use the method specified in paragraph 18 or 19 of this Schedule.
Proportional share of participating undertaking to be taken into account.
(1) In calculating the adjusted solvency of an insurer or reinsurer, the proportional share held by the participating undertaking in its related undertakings must be taken into account.