# The Friendly Societies (Authorisation) Regulations 1994, Paragraph 3: Solvency


Where any solvency requirements imposed by or under the 1992 Act are expected to be applicable to the society at the expected date of authorisation, a statement showing the amount by which the assets are expected to exceed liabilities at that date (after application of valuation regulations) and how calculated.

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Source: https://www.legislation.gov.uk/uksi/1994/1982/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/friendly-societies-authorisation-regulations-1994/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.