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Status: You are viewing the version of the handbook as on 2005-06-30.

LLD 25.5 Capital resources below guarantee fund

LLD 25.5.1R

For the purposes of SUP App 2.4.1 R and SUP App 2.4.2 G, capital resources will have fallen below the guarantee fund if the Society's own capital resources are such that they are no longer sufficient to meet the aggregate of, for each member, the amount, if any, by which the member's capital resources fall short of the member's share of the guarantee fund.