# The Friendly Societies (Long Term Insurance Business) Regulations 1987, Regulation 49: Nature and determination of assets


The determination of the amount of long term liabilities shall take into account the nature and terms of the assets representing the long term fund and the value placed upon them and shall include appropriate provision against the effects of possible future changes in the value of the assets on their adequacy to meet the liabilities.

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Source: https://www.legislation.gov.uk/uksi/1987/2132/regulation/49 (the official version)
Page: https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/regulation-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.