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Division (6) The parameters, μ 2, ω 1 and ω 2 shall be equal to the following:F1

United Kingdom Repealed

Original text. Later amendments are not shown.

  • μ2=μ×Nlnb2−θη−η+b2×N−lnb2−θη
  • ω1=ω×Nlnb1−θη−2×η+b21×N−lnb1−θη
  • ω2=ω×Nlnb2−θη−2×η+b22×N−lnb2−θη

where:

  1. (a)

    N denotes the cumulative probability function of the normal distribution;

  2. (b)

    ln denotes the natural logarithm;

  3. (c)

    the parameters θ and η are equal to the following:

    • θ=2lnμ−12lnω
    • η=lnω−2lnμ.

Annotations

Textual amendments

F1

Regulation revoked (30.6.2024 for the revocation of Arts. 52-54; 31.12.2024 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 3 (with s. 1(4)); S.I. 2023/1382, reg. 5(c)(i); S.I. 2024/620, Sch. (with savings in relation to a Gibraltar group or a Gibraltar undertaking in S.I. 2024/1083, reg. 3)