General Provisions | Prudential Regulation Authority Handbook & Rulebook
Prudential Regulation Authority Rulebook

Prudential Regulation Authority Rulebook

Part

Insurance Special Purpose Vehicles

Chapter

General Provisions

Printed on: 15/06/2025

Rulebook at: 24/07/2024


2

General Provisions

2.1

A UK ISPV must ensure that at all times:

  1. (1) it is fully funded; and
  2. (2) if it is a multi-arrangement special purpose vehicle, each group of cells (if any) is fully funded.
  • 31/12/2020