-
- (1) (in relation to a UK Solvency II firm and Lloyd’s) has the meaning given in Own Funds 2.3 and are determined in accordance with Own Funds 2.3 to 2.7; or
- (2) (in relation to an insurance holding company) means an own funds item referred to in Own Funds 2.3 and 2.4, determined in accordance with (1) as if it were a UK Solvency II firm.
- (3) [deleted]