S.L. 403.23 Art. 4Transitional arrangements on the calculation of the Solvency Capital Requirement.

An authorised insurance undertaking or an authorised reinsurance undertaking shall apply a floor of 25% and a cap of

45% exclusively to the undertaking’s Solvency Capital

Requirement, calculated in accordance with the standard formula as set out in Insurance Rules issued under Article 15 of the Act for a transitional period ending no later than 31 December 2017.