ISPVs | Prudential Regulation Authority Handbook & Rulebook
Prudential Regulation Authority Rulebook

Prudential Regulation Authority Rulebook

Part

Insurance Company – Capital Resources Requirements

Chapter

ISPVs

Printed on: 21/06/2025

Rulebook at: 12/05/2024


21

ISPVs

21.1

A firm must not treat any amounts recoverable from an ISPV as reinsurance for the purposes of the calculation of:

  1. (1) the reinsurance ratio; or
  2. (2) the insurance death risk capital component; or
  3. (3) the adjusted mathematical reserves.
  • 01/01/2016