# The Friendly Societies (Authorisation) Regulations 1993, Paragraph 5: Solvency


A statement showing the amount by which the assets are expected to exceed liabilities at the date of authorisation (after application of the valuation regulations) and how calculated.

---
Source: https://www.legislation.gov.uk/uksi/1993/99/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/friendly-societies-authorisation-regulations-1993/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.