Regulation 5.2 Rule 5
The discount period for any liability shall not extend later than 10 years after—
(a)
the date on which the corresponding liability to which the provisions relate (as referred to in Rule 3.1. in the words preceding paragraph (a)) arose (within the meaning in paragraph (b) of Rule 2.1.), or
(b)
the end of the general insurer’s first period of account which began on or after 1st January 2000,
whichever is the later.