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Status: You are viewing the version of the handbook as on 2015-11-02.

SUP App 2.11 Submission of a scheme of operations or a plan for restoration

SUP App 2.11.4G

In relation to a firm which carries on with-profits insurance business and which submits a plan, the appropriate regulator1 would expect an explanation of how any actions it plans to take to restore capital resources to the level of the guarantee fund, required margin of solvency or capital resources requirement are consistent with the firm's obligations under the FCA's1 Principle 6 (Customers' interests).

1