Schedule 12, Part 4, paragraph 5(2)

A person (“P”) is a policyholder affected by a write-down order if— P is a policyholder of an insurer in respect of whom a write-down order has effect, and the value of any thing to which P is (or may become) entitled, in P’s capacity as a policyholder of the insurer, is reduced under the write-down order.

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Source: legislation.gov.uk · retrieved 2026-09-04