material current year losses
67(in IPRU(INV) 13) losses of an amount equal to 10 per cent or more of the amount by which the own funds of an undertaking exceed the own funds needed to meet financial resources test 1as prescribed in chapter 13.
67(in IPRU(INV) 13) losses of an amount equal to 10 per cent or more of the amount by which the own funds of an undertaking exceed the own funds needed to meet financial resources test 1as prescribed in chapter 13.