Paragraph 23

In section 188BG(3) (types of loss that may not be surrendered by a Solvency 2 insurance company)—

(a)

omit “or” at the end of paragraph (b), and

(b)

after paragraph (c) insert

“or
(d)
a BLAGAB trade loss carried forward to the surrender period under section 124A(2) or 124C(3) of FA 2012,”.