Part

Minimum Capital Requirement

Chapter

Frequency and Reporting in Relation to the Minimum Capital Requirement

Printed on: 06/11/2024

Rulebook at: 31/12/2021

4

Frequency and Reporting in Relation to the Minimum Capital Requirement

4.1

A firm must calculate the MCR at least quarterly and report the results of that calculation to the PRA in accordance with the requirements laid down in Reporting 2.1 to 2.5.

[Note: Art. 129(4) of the Solvency II Directive]

  • 31/12/2021

4.2

Where either of the limits referred to in 3.3 determines a firm’s MCR the firm must provide the PRA information allowing a proper understanding of the reasons therefor.

[Note: Art. 129(4) of the Solvency II Directive]

  • 01/01/2016