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Paragraph 17 Projections for the United Kingdom

Original text. Later amendments are not shown.

For each of the first three financial years following authorisation, on both optimistic and pessimistic bases—

(a)

a forecast balance sheet for the proposed branch, and

(b)

a plan setting out detailed estimates of income and expenditure in respect of direct business, reinsurance acceptances and reinsurance cessions of the proposed branch.