Paragraph 56 Equalisation reserves
United Kingdom
The amount of any equalisation reserve maintained in respect of general business by the company, in accordance with the rules F1made by the Financial Conduct Authority or the Prudential Regulation Authority under Part 10 of the Financial Services and Markets Act 2000 M1, must be determined in accordance with such rules.
Annotations
Textual amendments
- F1
Words in Sch. 3 para. 56 substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 135(b)
Marginal citations
- M1
FSA 2006/42.