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 or the capital resources under IPRU(INV) 13.15 82 of an undertaking exceed the own funds or the capital resources under IPRU-INV 13.15 82needed to meet the minimum capital resources requirement – depending on the type of firm –82as prescribed in chapter 13.