Schedule 12, Part III, paragraph 10(6)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
“Necessary margin of solvency” means the margin of solvency which the transferee, taking the proposed transfer into account, is required by the FCA or the PRA to maintain.
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Source: legislation.gov.uk · retrieved 2026-09-04 · Text as consolidated on 2026-07-15; changes after this date are not shown.