# The Insurance Companies Regulations 1994, Paragraph 17: Projections for the United Kingdom


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.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/schedule/1/part/II/paragraph/17 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/schedule-1/part-II/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.