PRU 4.15.14
Where an Authorised Person has availed itself of the reductions to Exposure values as set out in A4.11 the Authorised Person must calculate the Exposure as a percentage of its Capital Resources on both a gross and net basis.
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Where an Authorised Person has availed itself of the reductions to Exposure values as set out in A4.11 the Authorised Person must calculate the Exposure as a percentage of its Capital Resources on both a gross and net basis.