9
Non-Compliance of the Internal Model
9.1
If a firm with internal model approval ceases to comply with the internal model requirements, the firm must, without delay, either present to the PRA a plan to restore compliance within a reasonable period of time, or demonstrate to the PRA that the effect of non-compliance is immaterial.
[Note: Art. 118(1) of the Solvency II Directive]
- 01/01/2016