Chapter II TECHNICAL PRINCIPLES

United Kingdom

1. 3Elimination of multiple gearing and the intra-group creation of own funds
2. 4Transferability and availability of own funds
3. 5Sector specific own funds
4. 6Deficit of own funds at the financial conglomerate level
5. 7Consistency
6. 8Consolidation
7. 9Solvency requirement
8. 10The financial conglomerate's own funds and solvency requirements
9. 11Treatment of cross sector holdings
10. 12Notional own funds and notional solvency requirements for non-regulated financial sector entities
11. 13Sectoral transitional and grandfathering arrangements